{"id":76666,"date":"2022-12-05T16:46:37","date_gmt":"2022-12-05T12:46:37","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76666"},"modified":"2022-12-05T16:46:40","modified_gmt":"2022-12-05T12:46:40","slug":"inflation-in-turkey-slowed-to-84-39-after-17-months-of-rising","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/inflation-in-turkey-slowed-to-84-39-after-17-months-of-rising\/12\/05\/market-updates\/","title":{"rendered":"Inflation in Turkey slowed to 84.39% after 17 months of rising"},"content":{"rendered":"\n<p>Official data showed Monday, December 5, that Turkey&#8217;s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates.<\/p>\n\n\n\n<p>The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations in a Reuters poll for an increase of 3%.<\/p>\n\n\n\n<p>On an annual basis, consumer price inflation is expected at 84.65%, reaching a 24-year high of 85.51% in October.<\/p>\n\n\n\n<p>The domestic producer price index rose 0.74% monthly in November, an annual increase of 136.02%.<\/p>\n\n\n\n<p>Last month, Turkey&#8217;s central bank ended an unconventional easing cycle it carried out despite rising prices, cutting the interest rate to 9% from 19% in response to President Recep Tayyip Erdogan&#8217;s call for stimulus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Official data showed Monday, December 5, that Turkey&#8217;s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates. The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations in a Reuters poll for &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8473,6987,8494,7095],"class_list":["post-76666","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-inflation","tag-inflation","tag-inflationary-pressures","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=76666"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76666\/revisions"}],"predecessor-version":[{"id":76667,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76666\/revisions\/76667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34416"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}