Tags: EU | Turkey | Economy

Turkey's Inflation Eases to 20.3 Percent in December

Turkey's Inflation Eases to 20.3 Percent in December

Thursday, 03 January 2019 03:39 AM

ANKARA, Turkey (AP) — Official figures show that Turkey's inflation rate eased for the second consecutive month in December, helped by tax cuts and discounted prices on consumer goods.

The Turkish Statistical Institute said Thursday that consumer prices in the year to December stood at 20.3 percent — 0.40 percent down from November.

Turkey's inflation had hit a 15-year high rate of 25.2 percent in October, before easing to 21.6 percent in November.

Turkey's national currency hit an all-time low in the summer over concerns about President Recep Tayyip Erdogan's economic policies and a diplomatic and trade spat with the United States.

Improved relations with the U.S. and a major interest rate hike have helped shore up the Turkish lira in recent months.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Official figures show that Turkey's inflation rate eased for the second consecutive month in December, helped by tax cuts and discounted prices on consumer goods.The Turkish Statistical Institute said Thursday that consumer prices in the year to December stood at 20.3...
EU,Turkey,Economy
121
2019-39-03
Thursday, 03 January 2019 03:39 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved