Türkiye’s core inflation decline encouraging, says finance minister

Turkish Finance Minister Mehmet Şimşek today hailed the continued decline in core inflation, saying it was an encouraging sign.
“The decline in core inflation, which continued in November, is encouraging,” Şimşek said in a statement on his social media account.
Şimşek pointed to the weakening of monthly increases in the C index, which measures core inflation.
Şimşek further pointed out that annualized core inflation aligns with the government's targets, emphasizing that the fight against inflation is an ongoing process.
He conveyed determination in implementing the government's program to combat inflation, expressing confidence in its ultimate success. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
Gold prices fell 0.9% to $1,333 per ounce on Thursday, extending recent losses as investors rotated out of the safe-haven metal in anticipation of a landmark trade agreement between the United States and the United Kingdom.
HÜDA PAR Deputy Chairman and Head of Economic Affairs, Mehmet Şah Gültekin, has strongly criticized Türkiye’s economic management in the wake of alarming April inflation figures released by the Turkish Statistical Institute (TURKSTAT).
The Turkish Statistical Institute (TurkStat) announced on Monday that the Consumer Price Index (CPI) surged by 37.86% annually and 3.00% monthly in April 2025, reflecting persistent inflationary pressures in Türkiye.
Türkiye's defense and aerospace industry reached a new milestone in April 2025, with exports climbing to $539 million, marking a 54% increase compared to the same month last year, according to figures shared by the Presidency of Defense Industries.