Minister Şimşek: The decline in inflation has become widespread

Turkish Treasury and Finance Minister Mehmet Şimşek said annual inflation fell to 29.8% in October and that the disinflation trend has broadened across categories, after the release of the month's inflation data. Şimşek attributed the limited pace of the decline to energy prices pushed up by the war, and pointed to upcoming developments he said would support further disinflation. He also outlined planned steps on food, housing and energy. The comments matter because they signal the government's policy priorities as inflation eases from elevated levels. Investors will watch whether the food, housing and energy measures are implemented and whether energy costs keep restraining the pace of disinflation in coming months.