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Turkey sees modest inflation easing in July
Inflation rate in Turkey slightly slowed down in July to 31.7% year-over-year, compared to 32.1% in June. Prices continued to rise in sectors such as health, education, and housing, with annual increases of 44.1%, 43.8%, and 40.3%, respectively. On a monthly basis, prices increased by 1.7% in July, compared to 0.9% in June, according to the Turkish Statistical Institute. Despite the slight decline, inflation rates remain high and continue to impact the country's economic life.
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