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.
Germany will halt funding for Mediterranean migrant rescue missions, redirecting aid to conflict-hit regions like Sudan, in a move critics warn will worsen the humanitarian crisis at sea.
Kazakhstan’s industrial sector grew by 6.4% year-on-year in the first five months of 2025, driven by increased oil production and strong performance in manufacturing, according to Halyk Finance.
Europe’s top rights court ruled that French police discriminated against a man of African descent, marking a landmark case of racial profiling against France.
Germany has urged Iran to resume cooperation with the United Nations nuclear watchdog amid concerns over rising tensions with Israel, warning that Tehran’s recent moves send the “wrong signal” and risk derailing a fragile ceasefire.
Turkmen and Russian foreign ministers met in Ashgabat on 25 June and signed a bilateral cooperation program for 2025–2026, reaffirming their commitment to strengthening political and economic ties.
Germany will halt funding for Mediterranean migrant rescue missions, redirecting aid to conflict-hit regions like Sudan, in a move critics warn will worsen the humanitarian crisis at sea.
Kazakhstan’s industrial sector grew by 6.4% year-on-year in the first five months of 2025, driven by increased oil production and strong performance in manufacturing, according to Halyk Finance.
China’s Foreign Ministry has sharply criticised NATO for inflating military spending and interfering in Asia-Pacific affairs, rejecting claims that China supports Russia’s actions in Ukraine.
Europe’s top rights court ruled that French police discriminated against a man of African descent, marking a landmark case of racial profiling against France.
Iran’s Supreme Leader Ayatollah Ali Khamenei warned that any future U.S. attack would trigger strikes on American bases in the region, marking his first public remarks since the Iran-Israel ceasefire.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Shell has denied reports that it is in talks to acquire BP in a historic £60 billion deal, despite ongoing market speculation about a potential merger between the two oil giants.
Universal’s new theme park in Bedford, UK has secured a government support package worth around £500 million ($686 million) for rail and road upgrades, as part of a wider package to boost infrastructure ahead of the park’s planned 2031 opening.
Australia will not raise its defence spending targets despite pressure from U.S. President Donald Trump, choosing instead to follow its own military strategy, Defence Minister Richard Marles said on Thursday.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
Tesla’s new car sales in Europe plunged 27.9% in May, even as the region saw a major rise in demand for electric vehicles, data from the European Automobile Manufacturers Association (ACEA) showed.
Germany will halt funding for Mediterranean migrant rescue missions, redirecting aid to conflict-hit regions like Sudan, in a move critics warn will worsen the humanitarian crisis at sea.
Kazakhstan’s industrial sector grew by 6.4% year-on-year in the first five months of 2025, driven by increased oil production and strong performance in manufacturing, according to Halyk Finance.
China’s Foreign Ministry has sharply criticised NATO for inflating military spending and interfering in Asia-Pacific affairs, rejecting claims that China supports Russia’s actions in Ukraine.
Europe’s top rights court ruled that French police discriminated against a man of African descent, marking a landmark case of racial profiling against France.
Iran’s Supreme Leader Ayatollah Ali Khamenei warned that any future U.S. attack would trigger strikes on American bases in the region, marking his first public remarks since the Iran-Israel ceasefire.
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