Türkiye's annual inflation cooled in June after two months of faster price growth linked to the fallout from the Iran war, according to data Friday that top officials said signaled the return of disinflation trend.
The annual rate eased to 32.1% from 32.6% in May, the Turkish Statistical Institute (TurkStat) said.
The decline in inflation had stalled in April, mainly due to the rise in energy prices caused by the war launched by the U.S. and Israel on Iran on Feb. 28.
On a monthly basis, consumer prices rose 0.99% in June, slowing from 1.7% in May, the data showed.
The Iran war sent energy prices up sharply due to the closure of the Strait of Hormuz, renewing inflationary pressures worldwide and fueling expectations of tighter monetary policy across many countries.
