Turkey's inflation rate slows sharply to 64.3%

Turkey’s annual inflation pulled back further in December from a two-decade high, official data showed Tuesday, helping President Recep Tayyip Erdogan’s chances in elections due by June.

Consumer prices rose by 64.3 percent in December from the levels at which they stood a year earlier, the state statics agency said, compared to an 84.4-percent year-on-year increase in November.