Reported 12 months ago
Turkish inflation is expected to decelerate for the first time in eight months, offering relief from a cost-of-living crisis where prices had surged above 75%. With annual inflation predicted to drop to 72.6% in June and monthly price growth slowing to 2.2%, experts foresee a period of disinflation. However, concerns remain as inflation is projected to end the year above the central bank's goal. Investors are monitoring the deceleration closely while policymakers emphasize a need for sustained decline in inflation before considering rate cuts.
Source: YAHOO