The inflation of Turkey declined in June however the decline that began in October is ending. With the higher-than-expected figure for June of 3.92 percent month-on-month, the annual inflation continued to decline and dropped to 38.2 percent from 39.6 percentage a month prior.

The recurrence of this downtrend in the last month is due to the lower rate of price hikes for non-food categories compared to the previous year, in spite of recent changes in exchange rates and the impact that continues to be felt from rising demand from the domestic market.

Source: think.ing.com