Turkiye's annual inflation rate hits 69.97% in April

[dani191]

Turkiye's annual inflation rate hits 69.97% in April​

Consumer price index sees 7.25% rise on monthly basis, says TurkStat​

Övünç Kutlu |05.05.2022

​

ANKARA
Turkiye saw a 69.97% annual hike in consumer prices in April, the country’s statistical authority said on Thursday.
The annual increase was 61.14% in March and 17.14% in April 2021, according to the Turkish Statistical Institute (TurkStat).
The monthly inflation gain was 7.25% in April this year and 1.68% in April 2021.
The lowest annual increase was seen in communication with a gain of 18.71% TurkStat said in a statement.
Clothing and footwear saw a gain of 26.23%, while education rose 27.73% and health increased 35.95%.
"On the other hand, transportation with 105.86%, food and non-alcoholic beverages with 89.10% and furnishings and household equipment with 77.64% were the main groups where high annual increases realized," the statement said.
"In April 2022, within average prices of 409 items in the index, the average prices of 27 items decreased and the average prices of 45 items remained unchanged while the average prices of 337 items increased," it added.

Turkiye's annual inflation rate hits 69.97% in April

Consumer price index sees 7.25% rise on monthly basis, says TurkStat - Anadolu Agency

www.aa.com.tr

 

[Sulman Badshah]

That's too high .. in Pakistan it is 13.4 right now and i consider it high as well
Inflation should be under 10

 

[dani191]

That's too high .. in Pakistan it is 13.4 right now and i consider it high as well
Inflation should be under 10

in israel 3.5 percent

 

[pikkuboss]

in israel 3.5 percent

6.5 in India

 

[HttpError]

That's too high .. in Pakistan it is 13.4 right now and i consider it high as well
Inflation should be under 10

Ideally, should be under 3%

 

[Trench Broom]

A lot of countries being hit with this. But with Turkey it's been coming for a few years even before the pandemic.

Erdogan's economic policies have not been great. His interest rate cuts spurred this on.

Now we're seeing a shift back to GCC from him, which would suggest he needs financial support.

 

[One_Nation]

Lets hope that country doesn't erupt. This level of inflation is too much for any country to survive.

 

[Foinikas]

Yes but Turkiye 700+ military projects regional superpower

 

[One_Nation]

Yes but Turkiye 700+ military projects regional superpower

Didn't Greece go through the same recently? You could have added some tips for Turks after sarcasm.

 

[Indos]

Still much much less compared to Indonesia during Soekarno period

 

[Hellfire2006]

Despite the problems in it's economic system , Turkey's military capabilities are still unmatched by any mediterranean country other than Israel. Greece and others loom under the shadow of turkey's military power .

Yes but Turkiye 700+ military projects regional superpower

It is a regional power , there isn't any doubt about it

 

[Foinikas]

Didn't Greece go through the same recently? You could have added some tips for Turks after sarcasm.

No,we had an economic crisis but stayed in the Euro. We had austerity measures imposed by the EU and IMF and it was more of a debt crisis rather than inflation.

Why would I add tips for Turks? For 10 years they had been mocking us with things like "haha Greece bankrupt,I buy your country for 1 euro" and other comments.

 

[mulj]

In normal times this would be bad news but as the whole world is plunging into the contraction, it would not harm them to much, on the contrary it could help them.

 

[mulj]

You can laugh fellow greek but when indkation in EU bursts out and spill over to Greece during late summer and early automn, remember what you laughed at.

 

[Hydration]

In normal times this would be bad news but as the whole world is plunging into the contraction, it would not harm them to much, on the contrary it could help them.

what kind of logic is that