Turkey’s annual inflation eases further in July, slowing for a second consecutive month, according to reports citing Bloomberg and other coverage. Consumer price growth drops to 31.8% in July, down from 32.1% the previous month. Both outlets describe the slowdown as somewhat stronger than expected. Despite the cooling inflation trend, they say uncertainty in energy markets remains a major factor. They attribute persistent high energy costs to disruption linked to the war in Iran, which continues to affect prices and could undermine progress on inflation. In this context, the reports indicate the Turkish central bank is likely to maintain a cautious approach. The concern is that near-term energy-related price pressures could complicate the central bank’s outlook and its year-end inflation forecast. Overall, the data point to a modest improvement in inflation, but with risks still centered on energy costs driven by geopolitical turmoil.