Turkiye’s annual inflation dropped to 38.1% in March, below forecasts, offering slight relief amid economic pressures. Monthly inflation rose 2.46%, while producer prices surged 23.5% annually. Experts remain cautious as currency fluctuations pose future risks.
Turkiye’s annual consumer price inflation fell to 38.1% in March, down from 39.05% in February, according to official data released on Thursday. The figure came in lower than the 38.9% forecasted in a Reuters poll, offering a slight reprieve amid ongoing economic pressures.
On a monthly basis, inflation stood at 2.46%, also below projections, following February’s 2.27% increase. Analysts had expected inflation to edge up to 3% in March.
Meanwhile, the domestic producer price index (PPI) rose by 1.88% month-on-month in March, leading to an annual increase of 23.5%. The decline in consumer inflation may ease some concerns, but economic experts caution that external factors and currency fluctuations could impact future price movements.
Turkiye has been grappling with high inflation rates, driven by global economic uncertainties, currency depreciation, and policy measures aimed at stabilising the economy. The latest figures suggest a potential slowdown in inflationary pressures, though economists remain cautious about long-term stability.
The Turkish government continues to implement measures to curb inflation while balancing economic growth, as markets closely monitor upcoming policy decisions.
Ukrainian Foreign Minister Andrii Sybiha said on Monday that Ukraine is ready to support a full, lasting, and durable ceasefire.
Uzbekistan and the Philippines are working to boost bilateral investment cooperation, with a focus on key sectors such as ICT, electrical engineering, transport, geology, and textiles.
The Kremlin announced Monday that Russia will implement a full ceasefire in Ukraine from May 8 to May 10, coinciding with its celebrations of Victory Day over Nazi Germany. The truce, ordered by President Vladimir Putin for "humanitarian reasons," will begin at midnight on May 8 (2100 GMT, May 7).
Greece plans to equip its railways with remote control systems and real-time tracking by September, aiming to improve safety after the country’s deadliest train disaster.
India has finalized a $7.41 billion agreement with France to purchase 26 Rafale fighter jets for its navy, a defence ministry official confirmed to Reuters on Monday.
Ukrainian Foreign Minister Andrii Sybiha said on Monday that Ukraine is ready to support a full, lasting, and durable ceasefire.
Germany's next chancellor, Friedrich Merz, on Monday announced his first major cabinet nominations. He selected energy executive Katherina Reiche as the likely economy minister and close ally Johann Wadephul, a foreign policy expert, as foreign minister.
Uzbekistan and the Philippines are working to boost bilateral investment cooperation, with a focus on key sectors such as ICT, electrical engineering, transport, geology, and textiles.
The Kremlin announced Monday that Russia will implement a full ceasefire in Ukraine from May 8 to May 10, coinciding with its celebrations of Victory Day over Nazi Germany. The truce, ordered by President Vladimir Putin for "humanitarian reasons," will begin at midnight on May 8 (2100 GMT, May 7).
Greece plans to equip its railways with remote control systems and real-time tracking by September, aiming to improve safety after the country’s deadliest train disaster.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
Ukrainian Foreign Minister Andrii Sybiha said on Monday that Ukraine is ready to support a full, lasting, and durable ceasefire.
Germany's next chancellor, Friedrich Merz, on Monday announced his first major cabinet nominations. He selected energy executive Katherina Reiche as the likely economy minister and close ally Johann Wadephul, a foreign policy expert, as foreign minister.
Uzbekistan and the Philippines are working to boost bilateral investment cooperation, with a focus on key sectors such as ICT, electrical engineering, transport, geology, and textiles.
The Kremlin announced Monday that Russia will implement a full ceasefire in Ukraine from May 8 to May 10, coinciding with its celebrations of Victory Day over Nazi Germany. The truce, ordered by President Vladimir Putin for "humanitarian reasons," will begin at midnight on May 8 (2100 GMT, May 7).
Greece plans to equip its railways with remote control systems and real-time tracking by September, aiming to improve safety after the country’s deadliest train disaster.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment