Turkey's Annual Inflation Eases to 47.1 Percent in November
Turkey's annual inflation rate dipped to 47.09 percent in November, marking its lowest point since June 2023, according to official data released Tuesday.
The decline represents the sixth consecutive month of easing inflation, down from October's 48.58 percent, the Turkish Statistical Institute (TÜİK) reported.
Energy prices showed significant relief, with annual increases slowing to 46.08 percent in November compared to 59.37 percent in October.
Food and non-alcoholic beverages price hike, on the other hand, accelerated to 48.57 percent year-on-year in November, versus 45.28 percent in October.
Core inflation, which strips out volatile items such as energy and food, also eased slightly to 47.13 percent in November.
On a monthly basis, the consumer prices index rose at the slowest pace since June at 2.24 percent in November, cooling from 2.88 percent in October.
Source: HDN
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