Türkiye's annual inflation rate eases in May
Türkiye’s annual inflation rate has slowed down to 39.59 percent in May, the data from the Turkish Statistical Institute (TÜİK) have shown.
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Türkiye’s annual inflation rate has slowed down to 39.59 percent in May, the data from the Turkish Statistical Institute (TÜİK) have shown.
Türkiye's annual inflation rate dropped below 40 percent in May for the first time in 16 months, pushed down by a temporary offer of free gas to households, official data showed on June 5.
The Turkish Statistical Institute (TÜİK) has said that it will take a government decision on free natural gas into account when calculating the May inflation, and that it is expected to have a strong effect in pushing the inflation index down.
Turkey’s economy expanded more than expected at the start of the year, bolstered by pre-election spending and strong household consumption.
The Turkish Statistical Institute (TÜİK) will release the economic growth data for the first quarter on May 31.