Sports: inflation in Turkey has been falling back for the first time in more than a year. In Turkey, inflation has decreased somewhat for the first time in more than a year. In the previous month, the inflation was marked with 85.5 percent for 24 years.

inflation goes back a bit - no reason for the all -clear

small ray of hope for consumers in Germany: For the first time since July, inflation has weakened somewhat. Consumer prices rose by 10 percent in November compared to the previous year, as the Federal Statistical Office announced on Tuesday in an initial estimate. Previously, the annual control rate had increased three months in a row and had reached a value of 10.4 percent in October. © Hauke-Christian Dittrich/dpa carrots and onions are for sale at a weekly market at a weekly market.

The Turkish Lira continues to lose value. In Turkey, inflation has decreased somewhat for the first time in more than a year. Consumer prices rose by 84.4 percent in November, as the statistics office announced on Monday. In the previous month, the inflation was marked with 85.5 percent for 24 years. In November, consumer prices rose by 2.9 percent in November. That was also a little less than in the previous month.

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at the upstream business level, the price bullet also weakened - but also of a very high level. The producer prices increased by 136 percent in November last year, after almost 158 ​​percent in October. They depict the sales prices of the producers and usually influence consumers' cost of living.

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Inflation is driven by several factors. The weak state currency Lira mainly ensures the buoyancy because it is more expensive to import goods imported into Turkey. There are also problems in the supply chains that make many preliminary products more expensive. In addition, the prices of energy and raw materials are increasing primarily because of the Russian war against Ukraine.

In contrast to many other central banks, the Turkish central bank does not put itself in an appetization against inflation. Rather, she recently lowered her key interest rate several times. The Turkish President

Recep Tayyip Erdogan

is a declared opponent of high

interest , which is usually considered a tried and tested means in the fight against inflation. More from RP Online

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