Türkiye's inflation drops to 19-month low in January
Türkiye's annual inflation dropped to 42.12% in January, the lowest since July 2023. Energy and food price hikes slowed, while core inflation fell to a 3-year low of 42.65%. However, monthly inflation rose by 5.03%, marking the fastest pace in a year.
- Türkiye
- Anadolu Agency
- Published Date: 11:08 | 03 February 2025
- Modified Date: 11:11 | 03 February 2025
Türkiye's annual inflation rate dropped to 42.12% in January, the lowest since July 2023, according to official data released Monday.
Headline inflation eased from 44.38% in December but surpassed market expectations, TurkStat reported. Economists polled by Anadolu had forecast a further decline to 41.25%.
Energy prices saw the slowest increase in 9 months, rising by 43.05% year-on-year in January, slightly down from 43.11% in December.
The annual price hike in food and non-alcoholic beverages slowed to 41.76% in December, marking its smallest increase since December 2021.
Core inflation, which excludes volatile items like energy and food, also cooled to a 3-year low of 42.65% in January.
On a monthly basis, the consumer price index rose by 5.03% in January, marking the fastest pace in 1 year.
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