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ECONOMY

Turkish inflation dips under 40 percent for first time in 16 months

Photo shows Turkish flag. (Credit: Gurcan Ozturk/AFP)

Turkey's annual inflation rate fell under 40 percent for the first time in 16 months in May, pushed down by a temporary measure offering free gas to households, official data showed Monday.

Consumer prices rose by 39.6 percent on an annual comparison, according to the country's statistics agency.


Turkey's annual inflation rate fell under 40 percent for the first time in 16 months in May, pushed down by a temporary measure offering free gas to households, official data showed Monday.



Consumer prices rose by 39.6 percent on an annual comparison, according to the country's statistics agency.