Inflation

The decline in annual inflation continued for a fourth month in a row, easing from 51.97 percent in August to 49.38 percent in September, data from the Turkish Statistical Institute (TÜİK) showed on Oct. 3.

This marked the lowest annual inflation rate since July 2023.

Consumer prices advanced 2.97 percent month-on-month after rising 2.47 percent in August.

Inflation in Greece is proving to be persistent and with a significant deviation from that of the eurozone, as despite the slight slowdown in its growth rate it remained at the level of 3% in September, while at the same time in the eurozone it stood at 1.8%.

Türkiye is "open for business and dialogue," Turkish Treasury and Finance Minister Mehmet Şimşek announced on Wednesday, emphasizing the nation's benefits from post-pandemic supply chain diversification and its comprehensive reform program to boost competitiveness, productivity, and potential growth.

A sociological survey conducted by the Trend agency and commissioned by the Expert Club for Economics and Politics (EKIP) reveals that 73% of Bulgarians feel their savings have diminished due to high inflation since mid-2021.

The pace of monthly growth in retail prices in Istanbul accelerated from 1.73 percent in August to 3.9 percent in September, according to the Istanbul Chamber of Commerce (İTO) on Oct. 1.

The annual increase in retail prices in Türkiye's largest city was 59.18 percent, slowing from August's 61.57 percent.

Retail prices have risen 42.9 percent compared with the end of 2023.

The General Confederation of Greek Workers (GSEE) has called a 24-hour general strike for November 20 to highlight inflation, rising rental and housing costs and the need to restore collective labor rights.

Data to be unveiled by the Turkish Statistical Institute (TÜİK) later this week is expected to show a further decline in the annual inflation rate in September.

Türkiye's annual inflation is forecast to drop to 48.1 percent in September from 51.97 percent in August, according to a state-run Anadolu Agency poll of economists.

Türkiye's economic program is working, producing results, while risks are declining, Vice President Cevdet Yılmaz has said.

In an interview with private broadcaster CNN Türk, Yılmaz noted that the international rating companies upgraded the country's ratings, while Türkiye's credit default swaps (CDS) have been falling.

BELGRADE - The results of an August survey indicate that short- and medium-term inflation expectations of the Serbian financial sector continued moving within the target band of 3±1.5 pct, says the National Bank of Serbia (NBS).

Food and other consumer goods prices were comparatively much higher than in other European countries even before the inflationary wave of the last two years. We secured this lead with subsequent performances: In August, inflation in the eurozone fell to 2.2% from 2.6% in July, but in Greece it rose to 3.2% from 3%, the fourth highest among the 20 countries in the common currency area.