Turkish Statistics: Inflation rose 2.29 percent in March

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The Turkish Statistical Authority announced that the consumer price index (inflation) in Turkey increased by 2.29 percent in March, to 50.51 percent on an annual basis.

This came in the data of the Authority, on Monday, in which it indicated that, given the average of the 12 months of the past year, consumer prices increased by 70.20 percent, and domestic producer prices increased by 113.73 percent.

It indicated that the consumer price index in March rose by 12.52 percent compared to December last year.

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It pointed out that the inflation rate, on an annual basis, recorded its lowest level in the last 14 months, as it was 48.69 percent in January 2022.

Economists’ expectations were for an increase in inflation last March by 2.86 percent.

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.