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Home Finance Turkey inflation to fall sharply in December, finance minister says

Turkey inflation to fall sharply in December, finance minister says

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Turkey inflation to fall sharply in December, finance minister says

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Folks store 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 fee will enter a pointy downward development as of December because of beneficial so-called base results and the autumn will proceed all through 2023, Finance Minister Nureddin Nebati mentioned on Tuesday.

Nebati was talking in a televised interview with broadcaster NTV. Inflation hit almost 80% in July.

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

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