Turkey's annual inflation rate fell to 44.38% in December, marking the seventh consecutive decline since June 2024, Anadolu news agency reported, citing TurkStat.
Publish dateSaturday 4 January 2025 - 16:09
According to Amac News: Based on TurkStat statistics published on Friday, January 3, this figure in December was lower than the market's forecast of 45.21% and also lower than November's 47.09%.
The lowest annual inflation was observed in transportation prices at 25.88%, while the highest inflation was related to education at 91.64%.
On a monthly basis, the consumer price index rose 1.03% in December, the slowest growth since May 2023, down from 2.24% in November.
Turkish Finance and Treasury Minister Mehmet Simsek wrote on the X platform that in December, inflation was 1%, the lowest level in 19 months. Annual inflation reached 44.4%, which is 2.4% higher than the range predicted by the central bank.
Therefore, inflation in 2024 has decreased by 20 points compared to the end of 2022 and 2023, Shamshak added.
The lowest annual inflation was observed in transportation prices at 25.88%, while the highest inflation was related to education at 91.64%.
On a monthly basis, the consumer price index rose 1.03% in December, the slowest growth since May 2023, down from 2.24% in November.
Turkish Finance and Treasury Minister Mehmet Simsek wrote on the X platform that in December, inflation was 1%, the lowest level in 19 months. Annual inflation reached 44.4%, which is 2.4% higher than the range predicted by the central bank.
Therefore, inflation in 2024 has decreased by 20 points compared to the end of 2022 and 2023, Shamshak added.
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Source : news agency wam
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