Annual inflation rate rises to 69.8% in April

According to data released by the Turkish Statistical Institute (TurkStat), Türkiye’s annual inflation rate climbed to 69.8% in April, up from 68.5% in March and significantly higher than the 43.68% recorded in the same period last year.

The monthly inflation rate also saw a slight increase, rising from 3.16% to 3.18%.

The sectors experiencing the highest price hikes on a yearly basis were education (103.86%), restaurants and hotels (95.82%), and transportation (89.39%).

Conversely, clothing and footwear showed the lowest price increase at 51.2%, followed by telecommunications (55.4%) and housing (55.55%).

In terms of monthly changes, tobacco and alcoholic beverages witnessed the highest increase at 9.56%, while health saw the lowest increase at 1.03%.

Source: Newsroom