According to RIA Novosti, the Turkish leader said this in an address to the nation after a meeting of the country's government.

“We hope that inflation, which has been declining rapidly since the beginning of the year, will fall below 30% by the end of the year.

Our goal is to bring our country back to single digit inflation in 2024,” he said.

In June, Turkish Finance Minister Nureddin Nebati said that inflation in the country is expected to reach 48-49% by the end of the year.