Inflation in Turkey fell to 48.58 percent year-on-year in October.
The Turkish Statistical Institute said in a statement on Monday that the consumer price index rose by 2.88 percent on a monthly basis in October, while the producer consumer price index rose by 1.29 percent in October.
Thus, Turkey’s annual consumer price inflation fell to its lowest level since June 2023 and the lowest producer price level since March 2023.
It is noteworthy that the consumer price index on an annual basis was 49.38 percent last September.
