Türkiye's annual inflation eases to 17-month low of 47.09% in November

By Tuba Ongun

Türkiye's annual inflation rate dipped to 47.09% in November, marking its lowest point since June 2023, according to official data released Tuesday.

The decline represents the sixth consecutive month of easing inflation, down from October's 48.58%, TurkStat reported.

Energy prices showed significant relief, with annual increases slowing to 46.08% in November compared to 59.37% in October.

Food and non-alcoholic beverages price hike, on the other hand, accelerated to 48.57% year-on-year in November, versus 45.28% in October.

Core inflation, which strips out volatile items such as energy and food, also eased slightly to 47.13% in November.

On a monthly basis, the consumer prices index rose at the slowest pace since June at 2.24% in November, cooling from 2.88% in October.