Possible Options: - Erdogan's Free Gas Could Lower Turkey Inflation - Free Gas From Erdogan May Reverse Turkey's Inflation - Turkey Inflation Could
Turkey's inflation rate may drop for the first time in over four years. This would help President Erdogan after being reelected. He's hoping to make people more confident in the economy.
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TurkStat said they will write down household gas prices as zero this May. This happened because Erdogan promised to give free natural gas to homes this month.
TurkStat thinks that the consumer price index will go down in June. This is because of the cost of city and natural gas, which matters for almost 3% of the index. It's expected that it will stay this way until next year, because the government is still giving people a certain amount of gas for free.
The chief economist at Yatirim Finansman Securities, Erol Gurcan, said there could be a negative monthly print. In April, annual inflation was 43.7%, but Gurcan thinks it might slow to less than 40%.
Turkey hasn't had negative monthly inflation since December 2018. On average, it's been at 3.1% over the last year.
Inflation was highest in October at 85.5% but has since slowed down. The decrease is mainly because of the reduction in energy costs. It is also because prices are being compared to the previous year's large increase.
People around the world are watching Erdogan closely to see if Turkey will change its policy. Erdogan has been in power for a long time and has made many decisions. Some people think that Turkey's policies may change. The world is waiting to see if Erdogan will make any changes.
Erdogan won the election last Sunday. He is Turkey's leader for the longest time. He got 52.2% of the vote.
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