RSS Turkey's Inflation Indicator Takes a Downturn in December as CPI Ex E,F,B,T&G Declines to 1.1%

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 RSS Turkey's Inflation Indicator Takes a Downturn in December as CPI Ex E,F,B,T&G Declines to 1.1%

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In a significant economic development, official statistics released on January 3, 2025, reveal that Turkey's Consumer Price Index (CPI) excluding energy, food, beverages, tobacco, and gold marked a decline in December 2024. The indicator currently stands at 1.1%, showing a downward shift from the previous month's figure of 1.5%.

This month-over-month decrease in the CPI underscores a slowing momentum in Turkey's inflation pressures. The reduction from November's 1.5% to December's 1.1% is noteworthy, particularly as it reflects changes amidst ongoing economic adjustments within the country. Analysts suggest that this cooling of inflationary pressures could be indicative of stabilizing economic conditions or temporary deceleration in certain sectors.

As Turkey greets the new year, the financial community is keenly observing these economic signals, with hopes that the latest figures might signal a broader trend of improved price stability in the coming months. Stakeholders, including policymakers and investors, will be closely monitoring subsequent data releases to better understand the implications of this recent trend in Turkey's financial landscape.

The material has been provided by InstaForex Company - www.instaforex.com
 
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