Türkiye's disinflation process will get back on track after a delay of a few months, Treasury and Finance Minister Mehmet Şimşek said on Friday.
Şimşek also pledged to meet budget targets even as the government waives income with steps to cushion the impact of rising crude oil prices.
Türkiye's disinflation has been tested by the energy prices that have been soaring due to the U.S.-Israel war on Iran, which effectively shut the key Strait of Hormuz to shipping.
In May, consumer prices in Türkiye increased 1.71% monthly and 32.61% annually, highlighting fallout from the conflict and focusing attention on the monetary policy outlook.
Central Bank of the Republic of Türkiye (CBRT) Governor Fatih Karahan on Friday said price stability remains the top priority and that the disinflation process will continue despite recent geopolitical tensions.
