Türkiye’s annual inflation eases to 16-month low in April


Falling for a sixth consecutive month, Türkiye’s annual consumer inflation rate slowed to a 16-month low of 43.68% in April, according to official data released on Wednesday.

April’s figure, announced by the Turkish Statistical Institute (TurkStat), was down from 50.51% in March, bucking the market forecast of 51.33%.

The inflation rate was 69.97% in April 2022, according to TurkStat. Prices increased at a slower pace in furniture – 43.18% in April versus 56.12% in March – as well as in food and non-alcoholic beverages, which rose 53.92% in April compared to 67.89% in March, and in housing, with a 43.18% rise last month from the previous 56.12% increase.—AA