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flag Turkey's inflation rate fell to 32.95% in August, its lowest since November 2021, amid economic growth.

flag Turkey's inflation rate dropped to 32.95% in August, its lowest since November 2021, down from 33.52% in July. flag 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%. flag However, food prices rose sharply, up 33.28% year-over-year, while housing and utilities saw slower growth at 53.27%. flag Producer price inflation hit a six-month high of 25.16%. flag 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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