Turkey's annual inflation up to 69.97% in April

Turkey
# 05 May 2022 11:51 (UTC +04:00)

Turkey's annual inflation soared 69.97% in April, the Turkish Statistical Institute revealed in a report on Thursday. The figure marks an increase from March when the consumer price index (CPI) rose 61.14% on an annual basis, APA reports citing Teletrader.

The largest jump in prices was recorded in transportation, with prices skyrocketing 105.86% year on year, followed by food and non-alcoholic beverages, up 89.10%. The smallest inflation rate was observed in communication at 18.71%.

The consumer price index increased 7.25% compared to the previous month.

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