In a much-awaited development, Turkey's inflation figures reveal a slight cooling trend as the Consumer Price Index excluding Energy, Food, Beverages, Tobacco, and Gold (CPI Ex E,F,B,T&G) decelerated to 40.2% in February. This welcome change follows January's rate, which had ballooned to 42.6%, indicating a small yet noteworthy step towards stabilizing consumer prices in the region. The latest data was reported on March 3, 2025.
The year-over-year comparison highlights the February decline as an improvement in the economic landscape, offering some relief amid ongoing inflationary pressures in Turkey. Economists attribute this trend to a combination of factors, potentially including government measures, global commodity price stabilization, or monetary policy adjustments.
While the change from January to February signals progress, the inflation rate remains historically high, indicating continued challenges for Turkish consumers and the broader economy. As the Turkish government and economic policymakers strive to bring inflation further under control, the focus remains on sustaining this enervated momentum to ensure improvement in living standards and economic stability in the coming months.
