Turkey official inflation surges to nearly 70%
Finance minister Şimşek says inflation will peak in May and then decline
Annual inflation in Turkey surged to 69.8% last month, up from 43.68% in April last year, according to data published by the Turkish statistical institute.
This was up from 68.5% in April. Finance minister Mehmet Şimşek said that this was “in line with expectations”.
“After annual inflation reaches its peak in May, it will begin to decline sharply in line with our predictions,” he said in a post on social media.
Price rises were most pressing annually in education, recording a 103.86% increase
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Trends in reserve management 2024: survey results
- People: RBI appoints senior officials
- China to start selling ultra-long term sovereign bonds