Turkey’s annual inflation falls to 18.71 pct in May Turkey’s annual inflation falls to 18.71 pct in May

[…] it added. The official figures also revealed that the 12-month average hike in consumer prices was 19.91% as of this May. According to the latest inflation report of the Central Bank of Turkey, the year-end annual inflation would be 14.6%, hovering between 12.1% and 17.1%. As noted in Turkey’s new economy program announced in September 2018, the country’s inflation rate target is 15.9% this year, 9.8% next year, and 6.0% in 2021. Over the last decade, annual inflation saw its lowest level at 3.99% in March 2011, while it peaked at 25.24% […]