Turkey's June inflation drops to 32.11%

Data from the Turkish Statistical Institute shows that Turkey's annual inflation rate slowed to 32.11% in June, in line with experts' expectations, down from 32.61% in May. The Producer Price Index also increased by 1.80% month-over-month, indicating relative price stability before the Turkish Central Bank considers easing monetary policy if this improvement continues. Nonetheless, inflation forecasts for 2026 remain high at 24%, with ongoing geopolitical risks and energy costs continuing to influence the inflation outlook moving forward.

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