Türkiye's annual inflation edges down to 32.87 pct in October

ANKARA, Nov. 3 (Xinhua) -- Türkiye's annual inflation slightly eased to 32.87 percent in October, down from 33.29 percent in September, official data showed Monday.

The largest annual increases were recorded in housing (50.96 percent), food and non-alcoholic beverages (34.87 percent), and transportation (27.33 percent), said the Turkish Statistical Institute.

On Sunday, Turkish Vice President Cevdet Yilmaz said tackling inflation remains the government's top economic priority.

"We are reducing inflation gradually. It dropped to 44 percent in 2024, and we expect it to fall to around 30 percent this year," he told local media, adding that the medium-term goal is to reduce inflation to below 20 percent by 2026, and to reach single-digit by 2027.

He noted that while price increases in essential goods have started to slow, services, particularly rents and education, are lagging. Enditem