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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Türkiye's Inflation Seen Falling to 55% In February

People shop at Eminonu district in Istanbul People shop at Eminonu district in Istanbul, Türkiye, November 4, 2022. REUTERS/Dilara Senkaya

Türkiye's annual inflation should slow to 55.5% in February even as prices continue to rise on a monthly basis driven by higher prices of food and services, while it is expected to end the year at 45%, according to a Reuters poll on Monday.

Inflation has been stoked by a currency crisis at the end of 2021 and it touched a 24-year peak of 85.51% in October. It fell sharply in December and eased only to 57.7% in January despite a favourable base effect due to new-year price hikes on food, goods and services.

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