Turkish inflation inches up in March to 68.5%

Turkish inflation inches up in March to 68.5%
# 03 April 2024 11:27 (UTC +04:00)

Turkish annual consumer price inflation climbed to 68.5% in March, official data showed today, below expectations, amid strong rises in restaurant, education and health sector prices, APA reports citing Raidió Teilifís Éireann.

Month-on-month, inflation was 3.16%, according to the Turkish Statistical Institute, down from 4.53% in February.

A Reuters poll showed annual inflation was expected to climb to 69.1% in March, for a monthly rise of 3.5%. The annual rate is seen falling to 43.75% by the end of 2024.

In February, annual consumer price inflation (CPI) was 67.07%.

The domestic producer price index was up 3.29% month-on-month in March for an annual rise of 51.47%, the data showed.

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