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Turkey’s annual inflation rate falls to 35.41% in May, below expectations

Published 03/06/2025, 09:06
Turkey’s annual inflation rate falls to 35.41% in May, below expectations

Investing.com -- The annual inflation rate in Turkey fell to 35.41% in May, according to data released by the Turkish Statistical Institute on Tuesday.

On a month-to-month basis, consumer price inflation was recorded at 1.53%, also lower than anticipated. In the previous month, April, inflation was at 3.0% on a monthly basis and 37.86% on an annual basis.

A poll conducted by Reuters had predicted that the monthly inflation rate for May would be 2.0%, with the annual rate projected to be 36.1%.

However, both rates came in lower than these expectations.

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