Türkiye's Finance Minister Simsek Highlights Decline in Inflation Expectations to 25.1% Amid Supportive Global and Domestic Conditions

Türkiye's Finance Minister Simsek Highlights Decline in Inflation Expectations to 25.1% Amid Supportive Global and Domestic Conditions

Türkiye’s Treasury and Finance Minister Mehmet Simsek announced a significant decline in inflation expectations, crediting stable commodity prices, reduced global uncertainty, and improved domestic financial conditions for supporting the country’s disinflation efforts. In a statement shared on his social media account, Simsek said: “In May, the 12-month ahead inflation expectation dropped to 25.1%, improving by 8.2 percentage points compared to…

Treasury and Finance Minister Mehmet Şimşek said, “Global uncertainties and domestic financial conditions support our fight against inflation.”

Treasury and Finance Minister Mehmet Şimşek stated that the determination to fight inflation continues and emphasized that international and domestic dynamics are now working in Turkey's favor. Şimşek said that the decline in commodity prices and financial stability have led to a significant improvement in inflation expectations.

Minister Şimşek: Inflation expectations have declined

Treasury and Finance Minister Mehmet Şimşek, in a post on his social media account, said that in May, the 12-month inflation expectation improved by 8.2 points compared to the same period last year and by 0.5 points monthly, falling to 25.1 percent.