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Investing.com -- Turkey’s annual inflation rate decreased to 35.05% in June, coming in below market expectations, according to data released Thursday by the Turkish Statistical Institute.
The monthly inflation rate was 1.37% in June, also lower than forecasts.
A Reuters poll had predicted annual consumer price inflation of 35.2% and a monthly rate of 1.45%.
Food and drinks inflation declined by 0.27% compared to the previous month, contributing to the overall disinflation trend in the country.
The better-than-expected inflation figures may strengthen expectations for an interest rate cut in the coming months.
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