Turkish inflation eases below forecast, hits 32.87 per cent

Turkish inflation eased to 32.87 per cent annually and to 2.55 per cent monthly in October, both below expectations, according to official data on Monday that could reinforce the central bank’s decision to slow but not stop its rate-cutting cycle.

A Reuters poll had forecast annual inflation of 33.24 per cent and a monthly rise of 2.83 per cent.

Consumer price inflation (CPI) in the heavily weighted food group came