![]() ISTANBUL, Feb 3 (Reuters) - Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to.ANKARA, May 3 (Reuters) - Turkish annual inflation slowed to 43.68% in April, official data showed on Wednesday, easing ahead of elections that polls show President Tayyip Erdogan risks losing.Turkey’s central bank has slashed interest rates by 5 percentage points since August, down to 9% despite high inflation that has deepened a cost-of-living crisis in the country. ![]() 6 earthquake in southern Turkey that killed over 50,000 people, leveled. Erdogan is facing a tough test in this election because of public outrage over rising inflation and his handling of the Feb.Turkey’s central bank unexpectedly didn’t change its inflation projections for this year and next, reiterating an outlook that’s far more optimistic than the views in the market. By comparison, an inflation rate of 6.8 percent so far this year in the United States (the highest in nearly four decades) and a 4.9 percent rate in the eurozone are enough to set off alarms. This page provides the latest reported value for - Turkey Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term. It’s the second month in a row that inflation has eased after hitting a 24-year high of 85.5% in October.ISTANBUL, May 5 (Reuters) - Turkey's annual inflation jumped to a two-decade high of 69.97% in April, according to data on Thursday, fuelled by the Russia …Inflation Rate in Turkey averaged 34.76 percent from 1965 until 2023, reaching an all time high of 138.71 percent in May of 1980 and a record low of -4.01 percent in June of 1968. Consumer prices for the year rose by 64.27% in December, the Turkish Statistical Institute announced on Tuesday, down from 84.39% reported in November. They have risen more than in other g 7 countries, and their acceleration coincided.Inflation Rate in Turkey averaged 34.76 percent from 1965 until 2023, reaching an all time high of 138.71 percent in May of 1980 and a record low of -4.01 percent in June of 1968. However, opposition.In April “core” consumer prices, which exclude energy and food, were 13.4% higher than when he came to office. As per its latest data, the annual inflation in the country surged to 78.6 percent in June, the highest since 1998. ISTANBUL, May 5 (Reuters) - Turkey's annual inflation jumped to a two-decade high of 69.97% in April, according to data on Thursday, fuelled by the Russia-Ukraine conflict and rising energy.Globally, inflation may be the highest in Turkey. Turkey’s central bank has slashed interest rates by 5 percentage points since August, down to 9% despite high inflation that has deepened a cost-of-living crisis in the country.Consumer inflation has almost halved since peaking in October to reach an annual 43.7% in April, down from 50.5% in March, official data showed on Wednesday. ![]() Unorthodox interest rate cuts sought by Erdogan sparked a devaluation of the Turkish lira in late 2021 and sent inflation to a.
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