Disinflation in Turkey slows in September
Rate cuts appear less likely as CPI inflation remains at 49%
Although annual inflation in Turkey fell in September, it did so more slowly than in previous months, according to official data published today (October 3).
Annual consumer price index (CPI) inflation slowed to 49.38%, down from 51.97% the previous month. The 2.59 percentage points reduction was significantly lower than the 9.81 points decline between July and August.
Month-on-month inflation rose to 2.97% in September, up from 2.47% the previous month.
The housing sector witnessed the largest
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