Turkey's inflation rate fell to the lowest in 11 months as a slowing economy outweighed the impact of government price increases on gas and electricity.
Inflation slowed to 7.8% from 9.2%t the month before, the statistics office in Ankara said on its website. The median forecast of 10 economists in a Bloomberg survey was 8%. Prices rose 2% in the month. The government increased charges on cars, energy and alcohol in September and early October, as it seeks to plug a widening budget deficit. Inflation slowed in October even after those increases, as demand eased and year-earlier price increases dropped out of the annual rate.