Turkey's Annual Inflation Slows to 35.4% in May
Turkey's annual inflation eased in May to the lowest since November 2021, potentially paving the way for an imminent resumption of interest-rate cuts and a boost to businesses.
Price rises slowed to 35.4% last month from 37.9% in April, data from state statistics office TurkStat showed on Tuesday, compared with the median forecast of 36% in a Bloomberg survey of analysts.
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