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Turkey's annual inflation rate falls in April

The annual inflation rate in April was down from 19.71% the previous month, according to TurkStat.

Daily Sabah ECONOMY
Published May 03,2019
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Turkey's annual inflation rate falls to 19.5% in April, the Turkish Statistical Institute (TurkStat) said Friday.

The consumer price index (CPI) skidded 0.21 percentage points from 19.71 percent in March 2018.

On a monthly basis, the consumer prices climbed 1.69 percent in April.

The April figure was also below market expectations.

A group of 16 economists polled by Anadolu Agency forecast consumer prices in Turkey would rise 20.25% compared to the same month last year.

The highest price increase last month was seen in food and non-alcoholic beverages, up 31.86% on a yearly basis.