Ankara: Trkiye's annual inflation rate dipped to 47.09% 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%, TurkStat reported. According to Anadolu Agency, energy prices showed significant relief, with annual increases slowing to 46.08% in November compared to 59.37% in October. In contrast, the price hike for food and non-alcoholic beverages accelerated to 48.57% year-on-year in November, up from 45.28% in October. Core inflation, which excludes volatile items such as energy and food, also eased slightly to 47.13% in November. On a monthly basis, the consumer prices index rose at its slowest pace since June at 2.24% in November, cooling from 2.88% in October.
Trkiye’s Annual Inflation Eases to 17-Month Low of 47.09% in November.
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