Erdogan Says May Figures Show Inflation Is on Downward Trend

Turkish President Tayyip Erdogan stated on Sunday that inflation figures from the month of Could, when annual shopper costs jumped to a 24-year excessive, confirmed inflation was now on a downward pattern.

Inflation jumped to 73.5% in Could – fuelled by a tumbling lira, rising power prices and the struggle in Ukraine – although the determine was barely decrease than economists had feared.

Talking to members of his ruling AK Get together, Erdogan stated his authorities was engaged on methods to alleviate Turks’ financial woes and fight hovering costs.