Türkiye's annual inflation dips for 1st time in 18 months

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Türkiye's annual inflation dips for 1st time in 18 months

STORY: Türkiye's annual inflation dips for 1st time in 18 months DATELINE: Dec. 6, 2022 LENGTH: 00:00:59 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1.various of Istanbul 2.various of people shop at the market 3.various of people on the street STORYLINE: Annual inflation rate in Türkiye slightly eased in November for the first time in 18 months, dropping to 84.39 percent from 85.51 percent in October, official data showed on Monday. The slowdown was in line with market expectations, analysts said. Consumer prices rose 2.88 percent month on month in November, showed the Turkish Statistical Institute data. The recovery in domestic producer price index was stronger than consumer inflation. Accordingly, annual producer price index, which exceeded 157 percent in October, downed to around 136 percent in November. The producer prices increased by 0.74 percent in this period on a monthly basis. Inflation was on an uninterrupted rise since May 2021 until November. Turkish households have seen a sharp decline

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