03.06.2025 11:51
The Minister of Treasury and Finance, Mehmet Şimşek, commented on the inflation figures for May announced by TÜİK. Şimşek noted that the inflation rate for May, which was 35.4%, is the lowest point in the last three years.
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Minister of Treasury and Finance Mehmet Şimşek announced that annual inflation in Turkey has decreased by 40 points in the last 12 months, falling to 35.4%. This rate has been recorded as the lowest annual inflation level since November 2021.
GOODS INFLATION AT A 3.5-YEAR LOW
According to Minister Şimşek's statement, goods inflation has dropped to 28.7%, the lowest level in the last 3.5 years. This decline indicates that the rate of price increases for essential consumer products has significantly slowed down.
45-POINT DROP IN SERVICE INFLATION
Especially known as the most challenging part of persistent inflation, service inflation has decreased by 45 points compared to last year, reaching 51.2%. This rate has been recorded as the lowest service inflation since June 2022.
WITH DEFLATION, PRODUCTION AND INVESTMENT WILL GAIN MOMENTUM
Şimşek emphasized that the deflation process continues thanks to the steadfastly pursued economic policies, which will contribute to improvements in predictability, investment environment, and financing conditions. With this picture, an increase in productivity and a goal of sustainable prosperity are targeted.
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