Turkey's government expects inflation to slow to 28.5% this year and to 16% in 2026 before dropping to single digits the ...

Turkey aims to lower soaring inflation permanently after a transitional period where prices remain high, Finance Minister Mehmet Simsek said on Thursday in an interview with the Yeni Safak newspaper.

Inflation in Turkey dropped for the eighth month in a row in January, taking it to its lowest figure since June 2023 and indicating the country is gaining a slightly better grip on the on the problem.

Turkey's government launched a series of steps meant to harness its banks and bond markets to cool soaring inflation and stabilise a sliding currency, doubling down on President Tayyip Erdogan's ...

ANKARA, Turkey (AP) — Turkey’s central bank lowered its key interest rate by a further 2.5 percentage points on Thursday, days after official figures indicated a slowdown in inflation that has ...

Inflation in Turkey soared to nearly 70 percent in April, official data showed Thursday, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households.

Turkey is plunging into a fresh currency crisis as investors dump the lira in response to the extraordinary decision by the country's central bank to slash interest rates in the face of soaring ...

Official data show that inflation in Turkey has soared to nearly 70% in April, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households.