Türkiye's inflation eases for 3rd month to 57.68 pct
STORY: Türkiye's inflation eases for 3rd month to 57.68 pct
DATELINE: Feb. 4, 2023
LENGTH: 00:01:07
LOCATION: Ankara
CATEGORY: ECONOMY
SHOTLIST:
1. various of people on the street
2. various of shops in Ankara
STORYLINE:
Türkiye's annual inflation eased for the third month in a row, recording a 57.68-percent growth in January, official data showed on Friday.
Meanwhile, consumer prices registered a month-on-month growth of 6.65 percent in January, according to the Turkish Statistical Institute.
Inflation in Türkiye hit almost 85.5 percent, a 24-year high, in October last year after rising for 17 months. The high inflation leads to a sharp decline in Turkish households' purchasing power despite the government's anti-inflation measures and salary increases.
Turkish President Recep Tayyip Erdogan supports low-interest rates in the hope of boosting economic growth and employment. He recently signaled a further decrease in the central bank's interest rates in the future.
"We will lower the key in
- Product Code
- ILEA001235740
- Registered date
- 2023/2/04 00:00:00
- Credit
- Xinhua / Kyodo News Images
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- Xinhua News Agency.All Rights Reserved
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