Turkish inflation falls to 61.78% in July

Ankara:Turkiye s annual inflation rate slowed sharply in July to 61.78 percent, official data showed on Wednesday, as the country battles a cost of li...

Ankara: Turkiye's annual inflation rate slowed sharply in July to 61.78 percent, official data showed on Wednesday, as the country battles a cost-of-living crisis.

It is the second consecutive fall after consumer price rises eased to 71.6 percent in June.

"Annual inflation is falling," Finance Minister Mehmet Simsek said on the social media platform X.

"We continue to get positive results in all areas of our programme, whose main objective is disinflation," he said.

"The decrease in inflation will be felt more in the coming period."