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As Turkey’s inflation slows in November, all eyes now on pay hikes

Despite the fall in the annual inflation rate, Turkish consumers are likely to face monthly price increases averaging 3% to 4% in 2023.

A man sells Simit on a street corner on Nov. 03, 2022 in Istanbul, Turkey. Turkey's official inflation rate topped 85.5% in October according to state statistics agency TUIK the highest level in 25 years.
A man sells simit on a street corner on Nov. 3, 2022, in Istanbul, Turkey. — Chris McGrath/Getty Images

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