US EditionHistoric Decline in Inflation! Minister şImşek Announced
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Treasury and Finance Minister Mehmet Şimşek announced that annual inflation had significantly decreased as of May. Şimşek stated that inflation in basic goods had decreased to 20 percent, and emphasized that they aimed to close the year at 20 percent, and that a significant decrease in the current account deficit had been achieved in the last two years.
Treasury and Finance Minister Mehmet Şimşek announced the success achieved in the fight against inflation at the Ziraat Bank 4th Agricultural Ecosystem Meeting. Şimşek, who stated that annual inflation had fallen to its lowest level in the last 3.5 years as of May, announced that inflation in basic goods had fallen to 20%, while headline inflation was around 35%. “We believe that we will close the year at 20%, inflation in many products will fal…
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