More rate cuts? Turkish inflation drops for ninth consecutive month
By Indrabati Lahiri
Published on 03/03/2025 - 18:23 GMT+1
Falling inflation is a positive sign for the country battling with dramatic price rises and a weak lira.
Turkey’s annual inflation rate dropped for the ninth month in a row to 39.1% in February, easing from 42.1% in the previous month, according to the Turkish Statistical Institute.
This was below market estimates of 39.9%, as well as being the lowest figure since June 2023.
The total also marks the first time inflation has fallen below 40% in 20 months.
February’s lower figure was primarily due to easing price pressures for clothing and healthcare.