Turkish Inflation Lowest Since Late 2021

Turkish annual inflation slowed slightly in October, dropping to 32.87 per cent, the lowest figure recorded in nearly four years.

This easing follows a minor September rebound that had broken a 15-month downward trend.

Despite the drop in the yearly rate, monthly consumer prices still rose by 2.55 per cent, with significant increases seen in key sectors like food (up 8.4 per cent) and housing (up 7.8 per cent).

inflation (News Central TV) — Turkish inflation is the lowest since late 2021. Credit: Daily Sabah

Türkiye has been battling double-digit inflation since 2019, a situation fuelled by President Recep Tayyip Erdogan’s push for interest rate cuts aimed at boosting economic growth.

The official figures for October are strongly disputed by independent economists from the Inflation Research Group (ENAG), who estimate that the true annual consumer price increase was closer to 60 per cent.

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Abisoye Adeyiga

Abisoye Adedoyin Adeyiga holds a PhD in Languages and Media Studies and a Master’s in Education (English Language). Trained in digital marketing and investigative journalism, she is passionate about new media’s transformative power. She enjoys reading, traveling, and meaningful conversations.