|
|
|
Turkey Inflation Rate Hits 6-Month High
|
Trading Economics-
The annual inflation rate jumped to 32.37% in April 2026 from 30.87% in the previous month, surpassing market expectations of 31.25%. It marked the highest reading since October 2025, as prices accelerated across most major sub-indices, particularly food and non-alcoholic beverages (34.55% vs 32.36% in March), housing and utilities (46.6% vs 42.06%), and transport (35.06% vs 34.35%). Other categories also contributed to overall price growth, including clothing and footwear (9.66% vs 7.2%), furnishings and household goods (21.42% vs 20.52%), and health (33.02% vs 29.98%). Rising inflation is increasingly being shaped by external headwinds, particularly the prolonged Middle East war, which has pushed global oil prices higher. For Turkey, a net energy importer, the surge in energy costs is adding further strain to an already elevated inflation environment. On a monthly basis, consumer prices climbed to a three-month high of 4.18%, from 1.94% in March and above expectations of 3.28%.
|
|
|
 |
|
|