Minister of Treasury and Finance Mehmet Şimşek reported that annual inflation fell below 30 percent after 57 months.
Minister of Treasury and Finance Mehmet Şimşek announced that annual inflation fell below 30 percent in September after 57 months, and that there was a decrease in food and rent inflation.
AI-generated summary
The recently implemented economic policies and disinflation processes continue in Türkiye.
Mehmet Şimşek evaluated the inflation data for September in his post on his NSosyal account.
Pointing out that food inflation decreased by 8.4 points in September compared to the same period of the previous year, falling to 27.6 percent annually, Şimşek stated that education inflation decreased by 17.5 points annually to 48.6 percent, with the contribution of rule-based regulations.
Şimşek underlined that disinflation has spread throughout the world, except for transportation, and continued as follows:
"Annual inflation fell below 30 percent after 57 months. Annual rental inflation, which decreased by 27.8 points compared to the same month last year, dropped to 41.3 percent. Leading indicators indicate that the decline in rental inflation will continue. In order to limit the effect of the recently rising oil prices on inflation, we are gradually exiting the Ecel mobile application for gasoline, after diesel."
Emphasizing that inflation would have been 7 points lower this year by the Central Bank if there had been no war, Şimşek noted that policies to increase housing and food supply are continuing, and that in 2027, the decrease in inertia in service inflation, especially rent and education, and the weakening of the effects of commodity price increases will contribute to the decline in inflation.
AI outlook — possibilities, not facts
The decline in rent inflation will continue.
Likely · Within months
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Minister of Treasury and Finance Mehmet Şimşek announced that annual inflation fell below 30 percent after 57 months and that disinflation spread throughout the country except transportation.