Xinhua
04 Apr 2025, 00:45 GMT+10
People shop at a local market in Ankara, Trkiye, on April 3, 2025. (Mustafa Kaya/Handout via Xinhua)ANKARA, April 3 (Xinhua) -- Trkiye's annual inflation rate decreased for the 10th consecutive month in March, easing to 38.1 percent down from February's 39.1 percent, the lowest level since December 2021, official data showed on Thursday.According to the data, the consumer price index (CPI) increased by 2.46 percent in March, following a 2.27 percent rise in February. Producer prices also saw an uptick, rising by 1.88 percent month-on-month. The annual increase in producer prices reached 23.50 percent.In March, the highest annual increase was observed in the education sector, with prices soaring by 80.42 percent. This was followed by the housing sector, which saw a 68.63 percent rise, and the alcoholic beverages and tobacco group, which experienced a 46.74 percent increase."We expect the impact of recent market fluctuations on inflation to be limited by tightening financial conditions. We will continue to use all our policy tools with strong coordination in line with our price stability goal," Treasury and Finance Minister Mehmet Simsek said Thursday on the social media platform X.When elaborating on the March rate, Turkish Vice President Cevdet Yilmaz said on X that the disinflation process began in June last year and continued its effect in March, marking 10 uninterrupted months."Consumer inflation fell to an annual rate of 38.1 percent in March, marking a 37.4-point decline since June 2024, when disinflation began," he added.Trkiye has been grappling with rising inflation for years. In January, the Turkish central bank raised its year-end inflation forecast for 2025 to 24 percent, up 3 percentage points from the previous forecast.
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationANDOVER, Massachusetts: As artificial intelligence drives up energy demand across the United States, Schneider Electric is making a...
People shop at a local market in Ankara, Trkiye, on April 3, 2025. (Mustafa Kaya/Handout via Xinhua)ANKARA, April 3 (Xinhua) -- Trkiye's...
This photo taken on March 31, 2025 shows the exhibition booth of Invest in China at Hannover Messe 2025 in Hannover, Germany. (Xinhua/Du...
Deutsche Bank has raised concerns over a possible erosion of trust in the US currency amid escalating trade tensions Deutsche Bank...
U.S. President Donald Trump shows an executive order on reciprocal tariffs at the Rose Garden of the White House in Washington, D.C.,...
ABU DHABI, 3rd April, 2025 (WAM) -- The Central Bank of the UAE (CBUAE) has revoked the licence of Dynamics Insurance Brokers, pursuant...
NEW YORK, 3rd April, 2025 (WAM) - The United Nations Special Envoy for Syria, Geir Pedersen, condemned the repeated and intensifying...
RIYADH, 3rd April, 2025 (WAM) - Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi expressed his strong condemnation...
This photo taken on March 24, 2025 shows the rubble of buildings damaged by an Israeli shelling in the Shuja'iyya neighborhood, east...
JENIN, 3rd April, 2025 (WAM) - Israeli' forces have continued their assault on Jenin and its refugee camp for the 73rd consecutive...
Washington is as active as ever in the military bloc, the secretary of state has said US Secretary of State Marco Rubio has reassured...
* While the Trump administration argue that these tariffs are necessary to protect U.S. industries, reshore manufacturing and reduce...