Annual inflation in Türkiye in January almost 65%

Inflation in Türkiye was 6.7% in January, and the annual rate for this month was 64.86%, Report informs referring to the country’s Institute of Statistics.

“In January, the consumer price index increased by 6.7% and reached 64.86% on an annualized basis. Thus, inflation reached a five-month high on a monthly basis,” the report said.

The informal group of economists ENAG, in turn, reported that the consumer price index in January, according to their calculations, rose by 9.38%, and over the past 12 months the increase was 129.11%.

The newly appointed governor of the Central Bank of Türkiye, Fatih Karahan, previously said that the regulator intends to prevent “a deterioration in inflation forecasts.”