Turkey’s 44% y/y official end-2024 inflation release suggests another 250bp rate cut in late January
Turkey’s consumer price index (CPI) inflation officially stood at 44.38% y/y in December versus 47.09% y/y in November and 64.77% at end-2023, the Turkish Statistical Institute (TUIK, or TurkStat) said on December 3 (chart). TUIK’s inflation series …