Turkey’s inflation rate falls 0.4 pct monthly in December 2018

ANKARA

The consumer price index in Turkey decreased by 0.4 percent in December 2018 on the previous month, according to a statement by the country’s statistical authority on Jan. 3.

“Rises were realized on December of the previous year by 20.3 percent, on same month of the previous year by 20.3 percent and on the twelve months moving averages basis by 16.33 percent in December 2018,” Turkish Statistical Institute said.

Turkey’s inflation had hit a 15-year high rate of 25.2 percent in October, before easing to 21.6 percent in November.