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01:10
Annual inflation in Türkiye eases to 47.09 pct in Nov.
STORY: Annual inflation in Türkiye eases to 47.09 pct in Nov.
SHOOTING TIME: Recent footage
DATELINE: Dec. 4, 2024
LENGTH: 00:01:10
LOCATION: Ankara
CATEGORY: ECONOMY
SHOTLIST:
1. various of people in the streets
2. various of a vegetable market and a shopping mall in Türkiye (courtesy of ihlas news agency)
STORYLINE:
Türkiye's annual inflation rate eased to 47.09 percent in November, marking its lowest point since June 2023, according to official data released Tuesday.
The decline represents the sixth consecutive month of easing inflation, down from October's 48.58 percent, the Turkish Statistical Institute reported.
On a monthly basis, the consumer price index (CPI) rose by 2.24 percent, still above expectations, said the institute.
In November, Türkiye's central bank raised its year-end inflation forecast for 2024 to 44 percent from the previous forecast of 38 percent.
Türkiye has been grappling with high inflation amid one of the worst cost-of-living crises in its history. Since June 2023, the country has tightened its monetary policy, increasing its key interest rate from 8.5 percent to 50 percent.
Xinhua News Agency correspondents reporting from Ankara.
(XHTV)
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