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.
- Economy
- Daily Sabah
- Published Date: 11:06 | 03 May 2019
- Modified Date: 11:07 | 03 May 2019
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.
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