Inflation & Prices
Turkey’s Inflation Slowed More Than Expected Last Month
- Annual inflation rate dropped to 44.4% from 47.1% in November
- Data bolsters chances of further rate cuts from central bank
Turkey has suffered from one of the world’s highest inflation rates for years.
Photographer: David Lombeida/BloombergThis article is for subscribers only.
Turkey’s inflation rate fell more than expected last month, potentially making it easier for the central bank to cut interests rate again.
Prices rose by an annual 44.4% in December, compared with 47.1% in November and lower than the 45.2% median estimate in a Bloomberg survey of analysts.