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Turkey’s inflation eases slightly as monthly prices soar

Despite the decline in the annual inflation, Turkey’s monthly consumer prices continue to rise.
ADEM ALTAN/AFP via Getty Images

Turkey’s consumer prices rose 3.15% month-on-month in February, while annual inflation eased to 55.18% from 57.68% in January, largely thanks to a favorable base effect, official data released on Friday showed.

The Turkish Statistical Institute said the February data did not involve field prices from Gaziantep, Malatya and Hatay, three of the 11 provinces that were hit by the massive earthquakes on Feb. 6, as the disaster made data collection in those regions impossible.

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