Türkiye's inflation slips below 40% for 1st time in 16 months

Türkiye's inflation slips below 40% for 1st time in 16 months

Baku TurkicWorld

The annual inflation rate in Türkiye fell under 40% for the first time in 16 months in May, driven by a temporary measure offering free gas to households, official data showed Monday, TurkicWorld reports citing Daily Sabah.

Consumer prices rose by 39.6% on an annual comparison, the Turkish Statistical Institute (TurkStat) data showed.