Simple Twist Of Inflate

Economy Issue #11

Welcome to July! Turkey's inflation finally began to slow in June, thanks to the government postponing all new price hikes to July.

As we wait for the next loop of consequent price increases, there is also some positive news concerning the economy – depending on where you're looking at, or maybe from.

In this week’s edition:

1. Annual price changes slow

2. Public wages (sort of) revised

3. Turkey removed from money-laundering list

4. Ups and drowns

Merchants in Eminönü told Turkey recap that sales were down in June compared to last year. © Diego Cupolo

To Inflate The Obvious: Annual price changes slow

‘Good’ news on the inflation front. TÜİK data Wednesday showed annual inflation easing for the first time in eight months, slowing more than anticipated.