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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Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
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The Russia–Central Asia summit is scheduled to take place in October on the sidelines of the CIS summit in Dushanbe, Russian Foreign Minister Sergey Lavrov announced.
India on Thursday sealed the Attari-Wagah border crossing—its sole land link with Pakistan—after a militant attack in Kashmir left 26 tourists dead earlier this week.
Tanzanian police on Thursday arrested two senior opposition officials en route to a treason hearing for their party leader, Tundu Lissu, tightening the government’s grip on its critics.
Iran has announced that expert-level technical talks with the United States will take place on April 26. According to Foreign Ministry Spokesperson Esmaeil Baqaei, the decision follows a suggestion by Oman and was reached through mutual agreement between the Iranian and U.S. delegations.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 24th, covering the latest developments you need to know.
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