Mehmet Şimşek, the Minister of Treasury and Finance, recently addressed the public regarding the latest inflation figures for February. In a statement released today, Minister Şimşek highlighted the significant decrease in annual inflation, which had been steadily declining for nine consecutive months, reaching 39.1% in February.
The Minister emphasized that the annual inflation rate for essential goods saw a remarkable 32-point drop compared to the same month last year, standing at 21.7%. Additionally, the inflation rate for services experienced a substantial decrease of 35 points, reaching 59.8%. Minister Şimşek attributed this consistent decline in inflation to the supportive fiscal and revenue policies, as well as the improved expectations in the market.
“We are confident that the ongoing downward trend in inflation will continue, thanks to the de-escalation process supported by our financial and income policies. We are committed to implementing our policies decisively to achieve price stability, which will ultimately enhance the purchasing power and income distribution of our citizens,” Minister Şimşek stated.
The Minister’s remarks shed light on the positive trajectory of inflation in the country, indicating a favorable outlook for the economy. With a focus on sustaining the current momentum, Minister Şimşek’s proactive approach aims to achieve long-term price stability that will benefit the overall welfare of the population.
As the government continues its efforts to combat inflation and promote economic stability, Minister Şimşek’s announcement serves as a reassurance to the public, signaling a promising future ahead. Stay tuned for further updates on this evolving economic landscape.
