Turkish Statistics: Annual inflation touched 70 percent in April

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Official data showed Thursday that the consumer price index (inflation) in Turkey rose 7.25 percent last April on a monthly basis, to reach 69.97 percent on an annual basis.

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According to data from the Turkish Statistics Authority, the producer price index rose in April by 7.67 percent on a monthly basis, while it reached 121.82 percent on an annual basis.

Consumer prices increased by 34.46 percent and producer prices by 72.03 percent, as of April, compared to the rates of the last 12 months.

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The consumer price index measures the changes that occur in the general level of prices based on tracking a basket that includes all goods and services consumed within a particular country.