November's annual rate up from 11.90 percent in October, according to official data
Cut was anticipated after Turkish president called for one on Friday, citing falling oil price.
Turkey is one of the countries to benefit from the recent oil price decline, according to a senior World Bank economist.
Consumer Price Index in December dropped 0.44 percent; analysts had forecast an increase.
Turkish Statistical Authority says inflation rose less than analysts had expected in November.
The inflation rate in Turkey for November is expected to increase by about 0.26 percent compared with October, a survey reveals
The Organization for Economic Cooperation and Development has said Turkey’s consumer price inflation and unemployment rates are likely to rise.
Some analysts say that seasonal effects are helping to push inflation higher.
Annual inflation in October surpassed the Central Bank's recently announced year-end inflation target of 8.9 percent.
Turkish Central Bank forecasts inflation to drop in 2015, to between 4.6 percent and 7.6 percent.
Current account deficit second in terms of the government's most important economic challenges after inflation
Turkey’s consumer price index increased by 0.14 percent in September
The central bank cut interest rates for the first time in a year last month, despite high inflation, after calls for such a move from Erdogan, eager to maintain economic growth as Turks go to the polls.
The inflation rate in Turkey is currently quite high the Turkish Finance Minister Mehmet Simsek remarked adding that his priority was to keep the rate at single digit levels.
Moody’s warned Turkey and Russia of the negative effects of high inflation on the credit rating of the countries.
Consumer prices reached highest level for nine months in April with increase set to continue until summer, Turkish cbank forecasts.
A drop in the value of the Turkish lira currency and increased energy costs made the Central Bank revise its inflation target.