Türkiye's annual inflation eases to 17-month low of 47.09% in November
Türkiye's annual inflation rate fell to 47.09% in November, its lowest since June 2023, marking the sixth consecutive month of easing. While energy price hikes slowed, food and non-alcoholic beverage costs rose at an accelerated pace.
- Türkiye
- Anadolu Agency
- Published Date: 11:28 | 03 December 2024
- Modified Date: 11:29 | 03 December 2024
Türkiye'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.
Energy prices showed significant relief, with annual increases slowing to 46.08% in November compared to 59.37% in October.
Food and non-alcoholic beverages price hike, on the other hand, accelerated to 48.57% year-on-year in November, versus 45.28% in October.
Core inflation, which strips out 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 the slowest pace since June at 2.24% in November, cooling from 2.88% in October.
- Turkish foreign minister, Jordanian counterpart discuss developments in Syria
- Down syndrome athlete Melisa Özcan shines in judo, aims for Olympics
- Touristic salt express launched to mark World Disabled Persons Day
- Montenegro appreciates Türkiye's 'constructive' role toward Balkans
- PKK terrorists neutralized in Turkish airstrike in Northern Iraq