Breaking news Turkey
  • General
  • World
  • Türkiye
  • Politics
  • Economy
  • Tech
  • Travel
No Result
View All Result
breaking news turkey
  • General
  • World
  • Türkiye
  • Politics
  • Economy
  • Tech
  • Travel
No Result
View All Result
breaking news turkey
Home Economy

Inflation in Turkey slows to 64%

January 3, 2023
in Economy
Reading Time: 1 min read
A A
0
Inflation in Turkey slows to 64%
Share on FacebookShare on Twitter

Breaking News Turkey with agencies

You might also like

Daily power consumption in Türkiye up 2.79%

Daily power consumption in Türkiye up 2.79%

March 23, 2023
Türkiye leaves interest rate unchanged at 8.5%

Türkiye leaves interest rate unchanged at 8.5%

March 23, 2023

Turkey’s inflation recorded a sharp drop in December last year, slowing to 64.27%.

Consumer prices for the year 2022 eased more than expected from 84.39% in November, according to the Turkish Statistical Institute (TurkStat).

TurkStat described the historic development as “the lowest since April” when it was 69.97%.

Monthly inflation was at 1.18% in December, down from 2.88% in November.

The greatest annual price increase was in housing with 79.83%, followed by food and non-alcoholic beverages with 77.87% and home furniture with 73.02%.

Turkey has entered a “significant” downward trend regarding inflation since November, said Treasury and Finance Minister Nureddin Nebati.

“We closed the year 2022 at a point below our Medium Term Program target,” said Nebati.

The country’s central bank downed interest rates to 9% by 5 percentage points last year.

Tags: inflationNureddin NebatiTurkey
News Desk

News Desk

Related Stories

Daily power consumption in Türkiye up 2.79%

Daily power consumption in Türkiye up 2.79%

March 23, 2023

Daily electricity consumption in Türkiye increased by 2.79% on Wednesday compared to the previous day, totaling 885,809 megawatt-hours, according to...

Türkiye leaves interest rate unchanged at 8.5%

Türkiye leaves interest rate unchanged at 8.5%

March 23, 2023

Türkiye’s central bank on Thursday kept the one-week repo rate, also known as the policy rate, constant at 8.5%, in...

Türkiye, Greece to hold working meeting in Ankara

Türkiye, Greece to hold working meeting in Ankara

March 22, 2023

Türkiye and Greece will hold a working meeting focused on the economy and trade sectors on Wednesday, according to an...

Calculations show Saudi deposit lifts net FX reserves to $25 billion

Calculations show Saudi deposit lifts net FX reserves to $25 billion

March 21, 2023

Breaking News Turkey and agencies The Turkish central bank's net international reserves rose by $6 billion last week to $25...

Next Post
Turkey, Bulgaria sign natural gas trade agreement

Türkiye, Bulgaria sign natural gas trade agreement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Biden leads Trump by 10-point national lead, poll shows

Biden leads Trump by 10-point national lead, poll shows

August 12, 2020
Chinese firm announces vaccine could be ready by end of 2020

Chinese firm announces vaccine could be ready by end of 2020

July 23, 2020

Popular Story

  • Turkey, Bulgaria sign natural gas trade agreement

    Türkiye, Bulgaria sign natural gas trade agreement

    592 shares
    Share 237 Tweet 148
  • Former UK Health Secretary Hancock denies claims of hair transplant in Istanbul

    587 shares
    Share 235 Tweet 147
  • Nearly 46,000 people pass away after quakes hit Türkiye

    587 shares
    Share 235 Tweet 147
  • Opposition presidential candidate Kilicdaroglu says ‘goodbye’ to CHP’s group in parliament

    587 shares
    Share 235 Tweet 147
  • Former presidential candidate selected to run again

    587 shares
    Share 235 Tweet 147
Breaking News Türkiye

SuperPanda Limited
Latest news from Turkey and the World

  • Privacy Policy
  • About Us

Copyright © 2023 Superpanda limited - Breaking news Turkey

No Result
View All Result
  • General
  • World
  • Türkiye
  • Politics
  • Economy
  • Travel
  • Tech
  • About Us

Copyright © 2023 Superpanda limited - Breaking news Turkey

Go to mobile version