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.
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U.S. President Donald Trump and Germany’s new Chancellor, Friedrich Merz, had a surprisingly friendly and calm meeting at the White House. They talked about important issues like the war in Ukraine, trade, and NATO troops, but unlike some past meetings with world leaders, this one went smoothly.
Japan is preparing a strategic offer to the United States centered on rare earth elements and liquefied natural gas, aiming to secure relief from steep U.S. tariffs amid growing trade frictions with China.
An escalating feud between Elon Musk and Donald Trump threatens to disrupt key U.S. space programs and jeopardize $22 billion in government contracts with SpaceX.
Scientists have identified a long-lost group of hunter-gatherers who vanished from Colombia’s highlands 2,000 years ago, reshaping our understanding of ancient human migrations in South America.
The NGO Ocean Cleanup, in collaboration with the Guatemalan government and local communities, has installed the largest trash barrier to date on the Motagua River. This major effort aims to capture and remove vast amounts of garbage before it reaches the sea.
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U.S. President Donald Trump and Germany’s new Chancellor, Friedrich Merz, had a surprisingly friendly and calm meeting at the White House. They talked about important issues like the war in Ukraine, trade, and NATO troops, but unlike some past meetings with world leaders, this one went smoothly.
Japan is preparing a strategic offer to the United States centered on rare earth elements and liquefied natural gas, aiming to secure relief from steep U.S. tariffs amid growing trade frictions with China.
An escalating feud between Elon Musk and Donald Trump threatens to disrupt key U.S. space programs and jeopardize $22 billion in government contracts with SpaceX.
Scientists have identified a long-lost group of hunter-gatherers who vanished from Colombia’s highlands 2,000 years ago, reshaping our understanding of ancient human migrations in South America.
The NGO Ocean Cleanup, in collaboration with the Guatemalan government and local communities, has installed the largest trash barrier to date on the Motagua River. This major effort aims to capture and remove vast amounts of garbage before it reaches the sea.
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