© Archyde.com. People shop at an open market in Istanbul on December 5, 2022. Photo: Dilar Cinkaya/Archyde.com.
ISTANBUL – Turkey’s annual inflation fell to 64.27 percent in December, official data showed on Tuesday, below expectations, following hitting a 24-year high in October.
The statistics institute said consumer prices rose 1.18 percent month-on-month, compared to the 2.7 percent expected in a Archyde.com poll.
On an annual basis, expectations were for consumer price inflation of 66.8 percent. Inflation hit a 24-year high of 85.51 percent in October.
The domestic producer price index fell 0.24 percent month-on-month in December, following rising 97.72 percent year-on-year.
(Prepared by Mohamed Attia for the Arabic Bulletin – Edited by Mahmoud Abdel-Gawad)
