Türkiye's inflation to start to ease sharply in December: minister

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Türkiye's inflation to start to ease sharply in December: minister

STORY: Türkiye's inflation to start to ease sharply in December: minister DATELINE: Aug. 24, 2022 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of city views 2. various of people walking on the street 3. various of bank staff counting money 4. various of exchange rate STORYLINE: Türkiye's annual inflation rate will start to ease sharply in December and the fall will continue in 2023, the country's Treasury and Finance Minister Nureddin Nebati said Tuesday. The reason behind the rapid increase in the country's inflation rate in the first seven months was the Turkish lira's loss of value, but the rise has been eased recently, Nebati told the NTV news channel. Türkiye's annual inflation hit 79.6 percent in July, the highest level in 24 years. The country is facing financial woes unseen in decades. The Turkish lira has been plunging since the outbreak of the COVID-19 pandemic in early 2020. The Russia-Ukraine conflict that erupted in late February has worsened the situat

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