Türkiye leaves behind most challenging period in inflation, Finance Minister says

January’s improved inflation figures have shown that the downward trend is continuing, said Nurettin Nebati, Turkish Finance and Treasury Minister.
03.02.2023 14:31:18 / English News

“Current data indicate that we have left behind the most challenging period in inflation and that the coming months will be much better,” Nebati wrote on Twitter.

“The downward trend in inflation, which started in November, continued in January as well. Accordingly, annual consumer inflation, which was 64.27 percent in December, dropped to 57.68 percent in January,” he added.

Earlier on Friday, the Turkish Statistical Institute said that the annual inflation rate dropped to 57.7% in January compared to 64.3% in December. (ILKHA)