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01:04
Türkiye's inflation slows to 44.3 pct in December
STORY: Türkiye's inflation slows to 44.3 pct in December
SHOOTING TIME: Jan. 3, 2025
DATELINE: Jan. 4, 2025
LENGTH: 0:01:04
LOCATION: Ankara
CATEGORY: ECONOMY
SHOTLIST:
1. various of people walking on streets in Ankara
STORYLINE:
Türkiye's inflation rate eased for the seventh consecutive month in December, official data showed Friday.
Consumer prices rose by 44.3 percent year-on-year in December, down from 47.1 percent in November, according to the Turkish Statistical Institute.
As a result of an anti-inflation program launched 18 months ago, Türkiye's annual inflation rate has dropped from a peak at 75.4 percent in May.
The sharper-than-expected decline in inflation could create room for the central bank to consider further interest rate cuts.
In December, the bank lowered its benchmark policy rate by a higher-than-expected 250 basis points, bringing its lending rate to 47.5 percent, down from the 50 percent it has maintained since March.
Xinhua News Agency correspondents reporting from Ankara.
(XHTV)
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