Turkiye’s annual consumer inflation at 11-month low

Consumer prices rise 57.68% from one year ago

Turkiye’s annual consumer inflation fell to 57.68% in January, an 11-month low, the county’s statistical authority said Friday.

The figure slowed from 64.27% in December 2022, but exceeded market estimates.

According to an Anadolu survey on Wednesday,economists projected the rate would ease to 53.26% in January.

On a monthly basis, Turkiye’s Consumer Price Index surged 6.65% in January, the highest figure since April 2022.

A group of 11 economists had forecast a 3.66% month-on-month hike in consumer prices last month.

Turkiye's annual consumer inflation at 11-month low 2


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