US EditionInflation in Turkey Has Fallen to a Multi-Year Low, but Is Still the Highest in Europe
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Growth in housing and service prices slowed significantly in June
ANKARA.— Turkey’s annual inflation slowed down more than expected in June, which reinforces expectations that the central bank could resume interest rate cuts as early as this month. Consumer prices rose 35.1% year-on-year last month, compared to 35.4% in May, according to data from the state statistics office TurkStat. Economists had predicted a milder moderation, up to 35.3%, according to the median of a Bloomberg survey. “The CPI figures, bet…
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