The 'Inflation Rate YoY' in Turkey measures the percentage change in the consumer price index compared to the same month in the previous year, reflecting the cost of living and purchasing power. It is crucial for the economy and financial markets as it influences monetary policy decisions, interest rates, and investor confidence. High inflation can lead to increased borrowing costs and currency depreciation, while low inflation may indicate economic stagnation. In Turkey, inflation has been a significant concern due to factors like currency volatility and geopolitical tensions, impacting both domestic and international economic strategies.
The 'Inflation Rate YoY' in Turkey measures the percentage change in the consumer price index compared to the same month in the previous year, reflecting the cost of living and purchasing power. It is crucial for the economy and financial markets as it influences monetary policy decisions, intere...