Türkiye's inflation drops to 19-month low in January

12:133/02/2025, Monday
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Consumer prices up 42.12% year-on-year, surpassing forecasts

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.

#Consumer prices
#inflation
#TurkStat