Bank Of Baku

Inflation in Turkiye hits 20-year high of 61%

Inflation in Turkiye hits 20-year high of 61%
# 04 April 2022 11:39 (UTC +04:00)

Turkey’s official inflation rate has hit its highest level in 20 years, as soaring global energy prices compounded the country’s existing economic woes.

The consumer price index rose 61 per cent year-on-year in March, according to the Turkish statistical institute — up from 54 per cent in February and leaving it at the highest level since March 2002.

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