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The Independent UK
The Independent UK
National
Via AP news wire

Turkish inflation eases for 1st time in more than a year

Inflation Turkey Recep Tayyip Erdoğan
AP

Annual inflation in Turkey slightly eased in November for the first time in more than a year, according to official figures released on Monday, although it remains close to 24-year highs.

Consumer prices for the year rose by 84.39% in November, down from 85.51% recorded in October, the Turkish Statistical Institute announced. The monthly inflation rate was 2.88% in November, compared with 3.51% in the previous month.

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