Türkiye’s annual consumer inflation at 11-month low

ANKARA

Türkiye’s annual consumer inflation fell to 57.68% in January, an 11-month low, the county’s statistical authority said Friday.

The figure slowed from 64.27% in December 2022, but exceeded market estimates.

According to an Anadolu survey on Wednesday, economists projected the rate would ease to 53.26% in January.

On a monthly basis, Türkiye’s Consumer Price Index surged 6.65% in January, the highest figure since April 2022.

A group of 11 economists had forecast a 3.66% month-on-month hike in consumer prices last month.