Turkey's consumer price inflation eased further in July to the lowest level in more than three-and-a-half years, figures from the Turkish Statistical Institute showed on Monday.
Consumer price inflation softened to 33.52 percent in July from 35.05 percent in June.
This was the lowest rate since November 2021, when prices had risen 21.31 percent. The rate was forecast to slow to 34.05 percent.
The annual price growth in food and non-alcoholic beverages eased to 27.95 percent from 30.20 percent. Similarly, price growth in housing and utilities moderated to 62.01 from 65.54 percent. Data showed that transport inflation eased to 26.57 percent from 27.72 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.