The annual inflation rate in Türkiye slowed for a ninth consecutive month in February, falling below 40% for the first time since June 2023, with monthly prices also advancing less than anticipated, official data showed.
Consumer prices rose by 39.05% last month, down from 42.1% in January, the Turkish Statistical Institute (TurkStat) reported.
Inflation came in below expectations and has been sustaining a downtrend since it peaked at around 75% in May last year.
Annual core inflation, which excludes volatile items such as energy and food, fell to a 37-month low of 40.21%. On a monthly basis, the core gauge increased 1.80%, significantly lower than the 5.59% hike recorded in January.
