In April 2023, annual inflation in Turkey fell from 50.5% to 43.68%. information about it published on the website of the press service of the country’s statistical agency (Turkstat).
The report said, “In April 2023, inflation was 2.39% on a monthly basis and 43.68% on an annual basis”.
The Independent Inflation Analysis Group (ENAG) estimated the figure to be 105.19% last month. The Bank of Turkey expects the consumer price increase value to be 22.3% in 2023.
In the first half of April, at TUIK reportedIn March 2023, it was reported that the annual growth rate of consumer prices in Turkey decreased to 50.51% from 55.2% in February.
Presidential elections in Turkey should be held on 14 May 2023 at the latest. The main rival of the country’s current president, Recep Erdogan, is Kemal Kılıçdaroğlu, the leader of the Turkish opposition. declaration The Financial Times newspaper is about the country’s desire to immediately restart negotiations on its accession to the European Union.
Bloomberg in the first half of March WroteCombined with increased government spending and the easing of the local Central Bank’s monetary policy to overcome the negative infrastructure effects of earthquakes in Turkey, it could lead to an increase in inflation in the country.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.