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Turkey's inflation rate fell to 32.95% in August, its lowest since November 2021, amid economic growth.
Turkey's inflation rate dropped to 32.95% in August, its lowest since November 2021, down from 33.52% in July.
Despite a strong 4.8% economic growth in Q2, the decrease may allow the central bank to cut interest rates further, potentially by 2 points to 41.00%.
However, food prices rose sharply, up 33.28% year-over-year, while housing and utilities saw slower growth at 53.27%.
Producer price inflation hit a six-month high of 25.16%.
The central bank is expected to continue easing monetary policy, aiming for an inflation rate of around 24% by year-end.
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La tasa de inflación de Turquía cayó a 32,95% en agosto, su nivel más bajo desde noviembre de 2021, en medio del crecimiento económico.