Annual inflation in Türkiye fell to 44.38% during December

The inflation rate in Türkiye declined during December of last year 2024, to 44.38% on an annual basis.

The Turkish Statistics Authority stated, in a statement today, reported by Anatolia News Agency, that the consumer price index on a monthly basis rose last December by 1.03%, while the producer price index rose by 0.4% during the same month.

The agency stated that, thus, annual consumer price inflation in Türkiye fell to its lowest level since July 2023, while the producer price index fell to its lowest level since March 2021.

The consumer price index on an annual basis reached 47.09% last November.

Turkish Minister of Treasury and Finance Mehmet Simsek confirmed, in a post on his account on the “X” platform, that inflation recorded 1% last December, which is its lowest level in the last 19 months, indicating that annual inflation fell to 44.4%, thus decreasing 20 points compared to Inflation at the end of 2022 and 2023.