Turkey Inflation Eases To 29.73%, Lowest In Nearly 5 Years

India, Oct. 5 -- Turkey's consumer price inflation moderated further in September to the lowest level in nearly five years, figures from the Turkish Statistical Institute showed on Monday.

Consumer price inflation slowed to 29.73 percent in September from 31.51 percent in August. The expected inflation rate was 30.3 percent. Moreover, this was the slowest inflation since November 2021.

The annual price growth in food and non-alcoholic beverages eased to 27.62 percent from 33.79 percent. Transportation charges were 35.10 percent higher, and housing costs grew 39.99 percent. Costs related to information and communication showed an increase of 26.51 percent.

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