Consumer price growth in Türkiye cooled more than expected in July, according to official data released Monday.
Annual inflation eased for a second consecutive month to 31.75% from 32.1% in June, the Turkish Statistical Institute (TurkStat) said.
The decline in inflation had stalled following a sharp rise in energy prices caused by the Iran war.
Monday's data showed the disinflation trend continued despite the challenging global conditions, Treasury and Finance Minister Mehmet Şimşek said.
In a post on X, Şimşek emphasized that the rigidity in service inflation has been broken and that they will not compromise on fiscal discipline.
