Yılmaz: We Continue to Establish the Disinflation Process as a Result of Trust in Our Program

Forex - Vice President Cevdet Yılmaz stated, "We continue to establish the disinflation process as a result of the confidence in our program."

Yılmaz made remarks regarding inflation data on his X account.

He conveyed the following messages: "With the economic program we implement to increase social welfare, we aim to strengthen the disinflation process further in the upcoming period and reach our single-digit inflation target. We continue to establish the disinflation process as a result of the confidence in our program. Consumer prices increased by 2.88% in October. Annual inflation has decreased to 48.58%, with a nearly 27-point reduction in annual inflation over the last 5 months. While the impact of food prices was felt in October inflation, there were price increases in fresh fruit and vegetable categories due to seasonal transitions. However, when all temporary effects are excluded, the monthly changes in core inflation indicators have decreased compared to the previous month, and annual inflation levels have declined. Additionally, the trend in domestic producer prices indicates that the cost pressures on consumer prices are gradually easing. We expect a reduction in seasonal pricing effects in the last quarter of 2024, an improvement in service inflation, and a contribution to the disinflation process from the positive trend in global commodity prices."