By Mucahithan Avcioglu
ISTANBUL (AA) - Türkiye's annual inflation rate dipped to 44.38% in December, posting the seventh consecutive decline since June 2024, according to official data released Friday.
December's figure is below the market expectation of 45.21%, also down from November's 47.09%, TurkStat reported.
The lowest annual inflation was seen in transportation prices with at 25.88%, while the highest one was posted by education with 91.64%.
Food and non-alcoholic beverages price decreased to 43.58% year-on-year in December, versus 48.57% in November.
On a monthly basis, the consumer prices index rose at the slowest pace since May 2023 at 1.03% in December, cooling from 2.24% in November.