Turkey’s Inflation Drops to 37.86 Percent in April
(MENAFN) Official data released by the Turkish Statistical Institute (TurkStat) on Monday revealed that Turkey’s annual inflation rate decreased to 37.86% in April. This marks a slight drop from March's rate of 38.1% and represents the lowest annual figure recorded since December 2021, when it stood at 36.08%.
TurkStat's figures indicated that the most significant price increases over the past year were in the education sector at 79.2%, followed by housing with a 74.07% rise, and health, which saw a 41.99% surge. In contrast, the smallest annual price hikes were observed in clothing and footwear (16.92%), communications (21.31%), and transport (22.76%).
The institute highlighted the substantial weight of three key expenditure categories in the overall inflation calculation. Food and non-alcoholic beverages experienced a 36.09% price increase, while transportation costs rose by 22.76%, and housing saw a significant jump of 74.07%. TurkStat further elaborated, stating, "The contributions of these main groups to the annual change were 9.21% for food and non-alcoholic beverages, 3.84% for transportation and 9.98% for housing."
Despite the slight dip in the annual rate, the monthly inflation rate saw an increase, climbing to 3% in April from 2.46% in the preceding month of March.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
