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Türkiye’s annual consumer inflation fell by 3.1 percentage points to 29.8 percent, with the disinflation process spreading across most major categories, Treasury and Finance Minister Mehmet Şimşek said.
In a post on social media, Şimşek said annual inflation declined by 7.1 percentage points in food, 2.5 points in goods excluding energy and food, and 7.9 points in services.
However, energy inflation rose by 16.7 percentage points due to higher prices driven by the war, limiting the overall pace of disinflation, he added.
Şimşek said a balanced course of economic activity, an expected decline in energy and commodity prices, improving inflation expectations and easing services inflation inertia would support further price moderation in the coming period.
The government would also accelerate supply-side measures in food, housing and energy, he said, adding that administered and regulated prices would be brought into closer alignment with inflation targets, within budgetary limits. (ILKHA)
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Türkiye's goods exports reached a record high for October, rising 8.1% year-on-year to $25.9 billion, Trade Minister Ömer Bolat said on Tuesday, as the country's annualized exports surpassed the government's target.
Türkiye’s goods exports increased by 8.1 per cent in October compared with the same month last year, reaching $25.9 billion and marking the highest export figure ever recorded for the month of October. The country’s annualised goods exports also climbed to a historic high of $285.6 billion.
Türkiye's annual consumer price inflation rose to 29.77% in October, while monthly inflation stood at 2.58%, according to data released by the Turkish Statistical Institute (TurkStat) on Tuesday.
