Turkey’s annual consumer price inflation surged to 17.14% year-on-year in April, official data showed Monday.
The figure was up from 16.19% in March, rising 1.68% month-on-month, the Turkish Statistical Institute (TurkStat) said.
TurkStat said the highest annual increase was 29.31% in transportation in April while alcoholic beverages and tobacco prices saw the smallest increase with 3.60%.
Last week, an Anadolu Agency (AA) survey showed that a group of 20 economists forecast an average annual climb of 17.27% in consumer prices.
On a monthly basis, the consumer price index climbed by 1.68% in April.
The median of estimates for April by economists was a 1.79% rise compared to the previous month.
TurkStat data showed that the highest monthly rise in consumer prices was seen in clothing and footwear with 7.57%.
It was followed with food and non-alcoholic beverages with 2.13% and education with 2.09%.
Among the main expenditure groups, the highest monthly decrease was in communication with a 0.28% decline, it added.
The Central Bank of the Republic of Turkey (CBRT) forecasts the country's year-end inflation to hit 12.2% this year.
The government's year-end inflation rate target is 8% for 2021, under the new economic program announced last September.
Since the beginning of this year, annual inflation rose steeply from 14.60% in December 2020. The figure was 14.97% in January and 15.61% in February.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.