Turkish inflation falls for first time since March

turkey

Inflation fell in Turkey in November for the first time since the country’s currency crisis earlier this year, said the central bank on December 4.

The consumer price index declined year-on-year by 3.62 percentage points to 21.62% last month, according to the Central Bank of the Republic of Turkey (CBRT). Inflation had sharply risen to 25.2% in October from 10.25% in March, following acute capital outflows and a rapid depreciation of the lira.

The CBRT’s year-on-year inflation target for 2018

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