finance

Turkey inflation to fall sharply in December, finance minister says

Written by IhebQld

People shop at a open market in Istanbul, Turkey, June 10, 2022. REUTERS/Dilara Senkaya

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ISTANBUL, Aug 23 (Reuters) – Turkey’s annual inflation rate will enter a sharp downward trend as of December due to favourable so-called base effects and the fall will continue throughout 2023, Finance Minister Nureddin Nebati said on Tuesday.

Nebati was speaking in a televised interview with broadcaster NTV. Inflation hit nearly 80% in July.

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Reporting by Ali Kucukgocmen and Ece Toksabay; Editing by Jonathan Spicer

Our Standards: The Thomson Reuters Trust Principles.

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