Turkish finance minister Mehmet Simsek has said a noticeable slowdown in inflation has started in many areas and the trend will continue next year.
The ‘necessary groundwork’ has been done to permanently reduce inflation, he told parliament.
The annual inflation rate dropped to 47.09 per cent in November, down from 48.6 per cent in October and further away from a peak of 75.45 per cent in May.
Turkish finance minister Mehmet Simsek has said a noticeable slowdown in inflation has started in many areas and the trend will continue next year.
The ‘necessary groundwork’ has been done to permanently reduce inflation, he told parliament.
The annual inflation rate dropped to 47.09 per cent in November, down from 48.6 per cent in October and further away from a peak of 75.45 per cent in May.