One year on, Turkey’s coup attempt has impacted economy( Al-Monitor, July 7, 2017)
SUMMARY Turkey's state of emergency since last year's coup attempt has been instrumental in averting…
Prices rose 2.9% on a monthly basis in November, the Turkish Statistical Institute said. Turkey’s inflation was stoked by a series of unorthodox rate cuts by the central bank starting in September 2021 that sent the Turkish lira into a tailspin.
The fall in the annual inflation rate was in line with expectations and owed largely to the statistical effect of the high base the same month last year. Month-on-month price increases have averaged about 3.5% in the past two years. Even if they still top 3% in December, annual inflation is expected to drop to somewhere between 65% and 70% due to the favorable base effect. But despite the falling annual rate, consumers are likely to face monthly price increases averaging 3% to 4% next year.