Türkiye's inflation drops below 30% for 1st time in nearly 5 years

Official data released on Monday showed that Türkiye's annual inflation rate fell to 29.73% in September, dropping below the 30% threshold for the first time in nearly five years. The figure represented a decrease from the 31.51% recorded in August.

This development marks the fourth consecutive month of declining annual inflation in the country, easing at a rate that surpassed prior expectations.