The Price Stability Committee discussed the fight against inflation and credit practices.

Treasury and Finance Minister Nureddin Nebati announced that they foresee that annual inflation, which declined from its peak in November, will decline further in the coming period with the improvement in expectations. The 7th meeting of the Price Stability Committee was held under the chairmanship of Treasury and Finance Minister Nebati and with the participation of committee members. In a post he shared on his social media account regarding the issue, Minister Nebati said, "As we previously evaluated in the committee, we foresee that annual inflation, which declined from its peak in November, will decline further in the coming period with the improvement in expectations. We also emphasized the importance of continuing selective credit practices in addition to prudent fiscal policies." Additional steps to increase citizens' purchasing power were evaluated In the statement made by the Treasury and Finance Ministry regarding the committee meeting, it was stated that annual inflation, which peaked in October, started to trend downward as of November, as predicted, thanks to global developments and the measures taken. The statement said, “The recent downward trend in inflation expectations in the market indicates that the inertia in inflation has weakened. With the effect of this improvement in expectations, the decline in annual inflation will become more evident starting from December.” It was emphasized in the statement that in addition to input costs, the outlook for food prices was also discussed in detail in the committee and that additional steps that will increase the purchasing power of citizens, primarily low-income and fixed-wage earners, were comprehensively evaluated. Legal infrastructure work has been completed in the price monitoring system It was stated in the statement that the importance of continuing the selective credit application as well as prudent fiscal policies for permanent price stability and the continuation of balanced growth was discussed in the committee and the following was recorded: “The legal infrastructure work has been completed for the price monitoring system, which is planned to be implemented in order to monitor prices transparently within the framework of the decision previously taken by the Price Stability Committee and technical studies will be accelerated for the application to be put into effect as soon as possible. The committee will continue its work in coordination with all stakeholders in the upcoming period.”