Inflation Rates Revealed
Inflation in Turkey Shows a Monthly Decrease in July
Inflation in Turkey showed a decrease on a monthly basis in July, with the rate dropping to 3.23 percent. This is a positive development for the country, as it indicates a slowdown in the rise of prices for goods and services.
On an annual basis, inflation stood at 61.78 percent in July, showing a decline from previous months. This decrease in the annual inflation rate is a welcome relief for consumers who have been struggling with high prices for some time now.
The Turkish government has been taking steps to combat inflation, including implementing various measures to stabilize the economy and control price increases. It is hopeful that these efforts will continue to have a positive impact on inflation and help bring it down further in the coming months.
Overall, the decrease in inflation on a monthly basis in July is a positive sign for the Turkish economy and provides some relief for consumers. It will be important to monitor inflation rates in the coming months to see if this trend continues.
© TRT NEWS
