European Economic News

Turkish Consumer Price Inflation Slows To 57.68%

Turkey's consumer price inflation eased for a third month in a row in January, but remained strong, preliminary figures from the statistical office Turkstat showed Friday.

The consumer price index, or CPI, rose 57.68 percent year-on-year following a 64.27 percent increase in December. Economists had forecast 53.5 percent inflation. In the same month last year, inflation was 14.97 percent.

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by Jyotsna V

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