Minister Şimşek: Disinflation Continues as of June – Latest Updates
Minister of Treasury and Finance Mehmet Şimşek has announced a positive development in the inflation rate in Turkey. In a post on social media, he stated that in September, annual inflation decreased by 2.6 points compared to the previous month, reaching 49.4 percent. He also highlighted that core goods inflation remains relatively low at 28.3 percent annually, but services inflation is experiencing a slow decline due to rigid pricing behavior.
According to Minister Şimşek, the disinflation process that began in June will continue, leading to a stabilization period starting in the second half of next year. This will ultimately result in a permanent decrease in inflation, as all policies will be coordinated to align with the price stability target. Minister Şimşek emphasized the importance of reducing inflation, stating that it will not only address the cost of living issue but also increase the welfare of citizens.
The announcement by Minister Şimşek comes amidst efforts to improve the economic situation in Turkey. It is expected that these developments will have a positive impact on the overall financial stability and well-being of the country’s residents.
