Turkish Inflation Sees Sharpest Drop in Two Years

Central bank remains cautious despite significant decline in annual inflation rate.

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.