Turkish inflation eased slightly in October, reaching 32.87 per cent — its lowest figure in nearly four years, official data showed on Monday after rising for the first time in more than a year.
The annual figure had experienced a slight rebound in September to 33.29 per cent after 15 months of decline, with the increase mainly affecting food and housing prices.
On a monthly basis, consumer prices rose by 2.55 per cent, with the highest increases affecting food, which rose 8.4 per cent, housing, up 7.8 per cent and transport, which rose 4.3 per cent.
Turkey has experienced double-digit inflation since 2019, making life increasingly more expensive for millions of people, after president Recep Tayyip Erdogan ordered interest rate cuts in a bid to spur growth.
The figure, which exceeded 75 per cent in May 2024 before starting to fall, is now at its lowest level since November 2021.
The official figures are disputed by independent economists from the Inflation Research Group ENAG, who estimate that consumer prices rose by 60 per cent year-on-year in October.
