Turkey’s inflation dips further to 37.9% in April

Turkey’s inflation dips further to 37.9% in April

Turkey’s consumer price index (CPI) inflation officially stood at 37.86% y/y in April versus 38.10% in March and 44% y/y at end-2024, the Turkish ...

According to TUIK data, the monthly increase in consumer prices in April was 3 percent. In March, the monthly inflation rate was 2.46 percent. Annual consumer inflation was recorded at 37.86 percent

Turkey’s year-on-year inflation rate closed last April at 37.86% compared to 38.10% in March, so it now chains 11 months down and falls below the 40% threshold for the third time in a row, according to the Turkish Statistical Institute (Turkstat) this Monday.

Turkiye's Annual Inflation Eases to 37.86% in April, Monthly Rate Rises to 3%

Consumer prices up 37.86% year-on-year and 3% month-on-month The annual inflation rate in Türkiye was 37.86% in April, down from 38.1% in March, official figures from the Turkish Statistical Institute (TurkStat) showed on Monday. The April rate was the lowest since December 2021, when it was 36.08%. The highest price hikes were seen in education with 79.2%, housing 74.07%, and health 41.99% on a yearly basis, according to TurkStat’s data. Lowest…

Producer prices rose by 22.50 percent year-on-year in April

Nevertheless, in April, almost 38 percent inflation in the annual interval. At the peak of 2024, inflation was 75 percent.