Overview

• Annual inflation in Turkey fell to 61.8% in July from 71.6% the previous month.
• Central bankers are focusing on monthly inflation rates, which have shown temporary increases.
• Utility costs have contributed to short-term price pressures, according to central bank officials.
• Economic forecasts predict continued easing of inflation due to restrictive monetary policies.
• Investors are optimistic about Turkey's economic stabilization, with increased foreign investment.