Türkiye's inflation eases for 3rd month to 57.68 pct

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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

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