Turkey’s Consumer Price Index (CPI) forecast for the end of the year shows a slight decline, indicating cautious optimism in the country’s inflation trajectory. As of September 2024, the CPI has decreased to 43.14%, down from 43.31% recorded in August 2024.The data, updated on 13 September 2024, suggests a minor improvement in Turkey’s persistent inflation challenges. This comes as welcome news for policymakers and the financial sector, who have been grappling with stark inflation levels over recent months.Despite the marginal drop, the CPI remains high, necessitating ongoing scrutiny and potential interventions to sustain and build on the progress. The coming months will be crucial as Turkey aims to achieve more significant reductions in its inflation rate, contributing to economic stability and growth.The material has been provided by InstaForex Company – www.instaforex.com
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