Türkiye’s inflation decreased to 52%

reported Mehr Agency, according to Euronews, the annual inflation rate in Turkey decreased and reached 51.97% in August from 61.78% in July.

Agency Statistics Turkey, which released inflation data on Tuesday, recorded a monthly change of 2.47 percent, down from 3.23 percent in July.

However, this category still increased by 44.88% compared to last year.

In terms of annual and monthly inflation changes, education prices and Housing has significantly increased both rates.

Decreasing price pressures indicate that the tight monetary policy of the Turkish central bank is now having an effect.

In 2023, President Recep Tyeb Erdogan after Turkey’s annual inflation rate reached its highest level in late 2022. It reached 85.52 percent in the last several decades, leaving aside its unusual objections to interest rate increases.