Turkey Inflation Decelerates at Steepest Since 1995

The video discusses Turkey's inflation, which decreased from 84.4% to 64.3% due to high base effects from the previous year. The Turkish lira's depreciation in 2021 led to increased import costs, affecting inflation. Despite the drop, monetary policy remains unchanged, with low interest rates. The government plans to increase spending before elections to maintain growth and control prices. Inflation forecasts vary, with the government predicting 22% and analysts expecting 44% by year-end. Fiscal measures are expected to keep prices elevated.

What was the annual inflation rate in Turkey in December?

How does the current inflation rate compare to the previous month?

What factors contributed to the steep fall in the inflation rate?

What are the government's expectations for the inflation rate by the end of the year?

What is expected to happen to consumer prices due to government spending?