Turkish Central Bank: Food prices continue to shape inflation

The Turkish central bank reported that the impact of food prices on consumer price inflation remains pronounced in November, while the monthly consumer price inflation excluding food prices shows a more favorable trend. In the minutes of the last monetary policy meeting, where the policy rate was kept unchanged at 50%, the bank stated that signs of improvement in service inflation are becoming more evident. At the same time, the pace of monthly price increases in the services sector slowed in October.