Official figures show that Turkey’s inflation rate eased for the second consecutive month in December, helped by tax cuts and discounted prices on consumer goods.
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The Turkish Statistical Institute said Thursday that consumer prices in the year to December stood at 20.3 percent — 0.40 percent down from November.
Turkey’s inflation had hit a 15-year high rate of 25.2 percent in October, before easing to 21.6 percent in November.
Turkey’s national currency hit an all-time low in the summer over concerns about President Recep Tayyip Erdogan’s economic policies and a diplomatic and trade spat with the United States.
Improved relations with the U.S. and a major interest rate hike have helped shore up the Turkish lira in recent months.
