Türkiye's annual consumer inflation falls to lowest level in almost 11 months
Türkiye's inflation rate slowed for a third successive month in January, official data showed Friday. Consumer prices growing at an annualised rate of 57.7 percent in January compared to 64.3 percent in December, according to the state statistics agency.
- Economy
- Anadolu Agency
- Published Date: 11:13 | 03 February 2023
- Modified Date: 12:14 | 03 February 2023
Türkiye'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, Türkiye'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.