Ankara: In Turkey, after the victory of Recep Tayyip Erdoğan and political stability, inflation decreased. Inflation rate fell by 40 percent.
According to the details, after Erdogan’s great success in the presidential elections in Turkey, the people also got a big relief, after the political stability in the country, the inflation started to decrease.
A foreign news agency According to the report The annual inflation rate fell below 40 percent in May for the first time in 16 months. On an annualized basis, consumer prices remained stable at 39.6 percent.
Turkish President Recep Tayyip Erdoğan has made combating inflation a top priority after being elected president for the third term. Inflation in Turkey started to slow down in November last year.