"Market participants' expectation for inflation in 12 months time has fallen to 23.4 per cent, the lowest level in 43 months," Treasury and Finance Minister Mehmet Simsek wrote on social media platform X.
However, household expectations rose by 1.5 pps to 54.5 per cent.
The share of households expecting inflation to fall over the next 12 months dropped by 4.1 pps to 26.6 per cent, according to domestic media reports.
Turkish annual consumer price inflation slowed to 35 per cent in June, from a peak of around 75 per cent in May 2024. The central bank's year-end inflation mid-point estimate now stands at 24 per cent, in a forecast range of 19-29 per cent.
The government expects inflation to end the year "within the central bank's midpoint to high forecast range,” Simsek said recently. “We expect a figure below 29 per cent."
ALCHEMPro News Desk (DS)
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