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Minister Elvan Evaluated High Inflation
Minister Elvan evaluated the high inflation. Elvan said that they are working with all their might to minimize the effects of inflation.
Yazar: Eylem Özer
Yayınlanma: 3 Aralık 2020 21:44
Güncellenme: 21 Kasım 2024 00:03
Minister Elvan Evaluated High Inflation
Minister Elvan evaluated the high inflation. Elvan said that they are working with all their might to minimize the effects of inflation.
Minister of Treasury and Finance Lütfi Elvan commented on the inflation data which was higher than expected. Minister Elvan shared a post about the issue on his official Twitter account. He used the following statements in his post:
“November inflation was realized above market expectations at 14.03% annually, reflecting the effects of food, oil prices and exchange rate effects. We work hard to minimize the effects of high inflation on our citizens. We will use our monetary and fiscal policy tools in coordination to manage inflationary expectations well and to establish price stability. "Inflation increased by 14.03 percent in November compared to the same period last year. The increase compared to the previous month was recorded as 2.3 percent. Economists' expectations are 12.7 percent annually; It was 1.1 percent increase on a monthly basis.
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