Agency. Turkey’s annual inflation rate fell slightly to 37.86 percent in April, according to the latest data released by the Turkish Statistical Institute.
Which was 38.1 percent in March. On a monthly basis, consumer prices increased by 3.18 percent in April. The data showed that education, housing and health were among the sectors with the highest monthly price increases.
While clothing and footwear experienced a seasonal decline. Turkey has been struggling with rising inflation for years. The annual inflation rate fell to 38.1 percent in March. Which is the lowest since December 2021.
The country’s central bank raised its key interest rate by 350 basis points in April, taking it to 46 percent from 42.5 percent.
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