Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, much higher than a Reuters poll forecast of 3.8%. Annually, consumer price inflation was forecast to be 53.5%.
Inflation hit a 24-year high of 85.51% in October, stoked by a series of unorthodox interest rate cuts that began in September 2021 and caused a currency crash late that year. The annual price measure is now easing relative to that run-up.
The domestic producer price index was up 4.15% month-on-month in January for an annual rise of 86.46% . (Reporting by Canan Sevgili and Azra Ceylan; Writing by Daren Butler; Editing by Jonathan Spicer)
