Turkey’s inflation falls to four-year low of 33.5%: What to know

Turkey’s annual consumer price inflation fell to 33.52% in July — a four-year low — according to official data released Monday.

The Turkish Statistical Institute (TurkStat) reported that monthly inflation stood at 2.06% — below the 2.4% forecast in a Reuters poll, which also projected an annual rate of 34.05%.

In June, monthly CPI inflation stood at 1.37%, while annual inflation was 35.05%.

Turkey’s July CPI of 33.52% is the lowest since November 2021, when annual inflation stood at…