The Turkish Statistical Institute announced on Tuesday that the country’s annual inflation rate reached 64.27 percent last December, down nearly 20 percentage points from the 84.39 percent rate reported in November.
This is the second month in a row that the annual inflation rate is on the decline after reaching a peak of 85.5 percent in October, which was unprecedented in the past 24 years; According to economic statistics experts, the decrease was mostly affected by the change of the base month for calculating the annual inflation rate.
Of course, some economists criticizing the government of Turkish President Recep Tayyip Erdogan, questioning the independence of the Turkish Statistical Institute, claim that the real inflation rate of this country was 135.55% in December.
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