{"id":84922,"date":"2023-06-05T12:28:02","date_gmt":"2023-06-05T08:28:02","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=84922"},"modified":"2023-06-05T12:28:04","modified_gmt":"2023-06-05T08:28:04","slug":"inflation-in-turkiye-fell-to-39-6-in-may","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/inflation-in-turkiye-fell-to-39-6-in-may\/06\/05\/market-updates\/","title":{"rendered":"Inflation in T\u00fcrkiye fell to 39.6% in May"},"content":{"rendered":"\n<p>Turkey&#8217;s annual inflation fell to 39.59 percent in May, official data showed on Monday, largely in line with expectations for the month of elections that re-elected President Tayyip Erdogan.<\/p>\n\n\n\n<p>Consumer prices in May rose 0.04 percent from the previous month, compared to expectations for a 0.2 percent decline in a Reuters poll.<\/p>\n\n\n\n<p>The poll had forecast consumer price inflation to rise 39.2 percent year on year and is expected to reach 45 percent by the end of the year.<\/p>\n\n\n\n<p>Inflation worsened due to the lira crisis, which began at the end of 2021, and reached its highest level in 24 years, when it reached 85.51 percent last October.<\/p>\n\n\n\n<p>The domestic producer price index rose 0.65 percent month-on-month in May, recording an annual increase of 40.76 percent, according to data from the Turkish Statistical Institute.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey&#8217;s annual inflation fell to 39.59 percent in May, official data showed on Monday, largely in line with expectations for the month of elections that re-elected President Tayyip Erdogan. Consumer prices in May rose 0.04 percent from the previous month, compared to expectations for a 0.2 percent decline in a Reuters poll. The poll had &hellip;<\/p>\n","protected":false},"author":9,"featured_media":81242,"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-84922","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\/84922","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=84922"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84922\/revisions"}],"predecessor-version":[{"id":84923,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/84922\/revisions\/84923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81242"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=84922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=84922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=84922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}