Annual inflation in Turkey falls, but monthly inflation surges
Independent body estimates actual figure to be much higher than official statistics
Headline annual inflation in Turkey dipped to 42.12% in January, down from 44.38% in December, despite the central bank cutting the key interest rate.
According to data published today (February 3) by the Turkish Statistical Institute, annual inflation slipped to 42.12%. However, monthly inflation surged from 1.03% in December to 5.03% – its highest level since January of last year.
The education sector recorded the highest increase in annual inflation, clocking in at 99.93%. The figure for the
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