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The Independent UK
The Independent UK
National
Via AP news wire

Turkey inflation slows to 64% in boost to Erdogan

AP

Inflation in Turkey showed a sharp drop in December thanks mainly to a favorable base effect — a development that could help President Recep Tayyip Erdogan 's standing before an election, but is unlikely to bring relief to households suffering from a cost of living crisis.

Consumer prices for the year rose by 64.27% in December, the Turkish Statistical Institute announced on Tuesday, down from 84.39% reported in November.

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