FX.co ★ Turkey's Inflation Shows Signs of Cooling as CPI Ex E,F,B,T&G Drops in September

In a positive turn for Turkey's economy, the Consumer Price Index excluding energy, food, beverages, tobacco, and gold (CPI Ex E,F,B,T&G) has shown a significant decrease in September 2024. The latest data, updated on October 3, 2024, reveals the indicator dropped to 49.1% compared to the same period in the previous year. This marks a notable decline from August 2024, when the CPI Ex E,F,B,T&G was recorded at 51.6%.

The cooling of this indicator suggests easing inflationary pressures, which could bring some relief to Turkish consumers and policymakers who have been grappling with persistent inflation. The year-over-year comparison indicates that the current economic measures and external factors might be contributing to the slow but effective control of inflation outside the volatile energy, food, and gold sectors.

This decline could signal a pivotal shift in Turkey's broader economic landscape, potentially enhancing consumer confidence and opening doors for more sustainable economic planning. However, given the complexity of global and local economic influences, it remains critical to monitor the upcoming months to assess whether this downward trend will persist.