Inflation in Turkey recorded a sharp increase in April, reaching 32.4% on an annual basis compared to 30.9% in March. This surge was primarily driven by rising energy costs, according to official data released on Monday.
اضافة اعلان
Key Statistics from the Turkish Statistical Institute (TÜİK):
Monthly Increase: Consumer prices rose by 4.2% month-on-month, up from 1.9% in the previous month.
Primary Drivers: The spike was heavily influenced by the costs of housing, water, electricity, gas, and other fuels, which saw a combined increase of +8%.
Conflicting Reports
The independent Inflation Research Group (ENAG) has questioned the official figures. Their economists estimated that consumer prices actually rose by 55.38% year-on-year in April.
Historical Context
Turkey has been struggling with double-digit inflation since 2019, with the annual rate remaining above 30% for the past four years. Inflation previously peaked at over 75% in May 2024 before beginning a gradual decline.
Source: AFP
