Türkiye’s annual inflation rate slowed for the ninth consecutive month in February, dipping below 40% for the first time since June 2023, official data revealed on Monday.
According to the country’s statistics institute, consumer prices rose by 39.05% last month, a decrease from the 42.1% reported in January. This drop offers a glimmer of hope for residents grappling with high living costs.
This decrease could mean lower prices for everyday goods and services, making life a bit easier for young people and families across Türkiye.
Economists suggest that this decline may be due to recent monetary policies and stabilizing global commodity prices. While the reduction is a positive sign, inflation remains high, and experts emphasize the need for continued efforts to sustain this downward trend.
