Türkiye’s annual inflation rises to 32.4 percent in April

Türkiye’s annual inflation rises to 32.4 percent in April

ANKARA
Türkiye’s annual inflation rises to 32.4 percent in April

 Türkiye’s annual inflation rate rose to 32.37 percent in April, while consumer prices increased by 4.18 percent from the previous month, the Turkish Statistical Institute (TÜİK) has said.

The consumer price index rose by 14.64 percent compared with December and by 32.43 percent on a 12-month average basis.

The annual rate was up from 30.87 percent in March, when monthly inflation stood at 1.94 percent, according to TÜİK data listed by the Central Bank.

Among the three main expenditure groups with the highest weight in the index, food and non-alcoholic beverages increased by 34.55 percent year-on-year, transport by 35.06 percent and housing, water, electricity, gas and other fuels by 46.60 percent.

Their contributions to annual inflation were 8.72 percentage points for food and non-alcoholic beverages, 5.66 points for transport and 6.30 points for housing.

On a monthly basis, food and non-alcoholic beverages rose by 3.70 percent, transport by 4.29 percent and housing by 7.99 percent.

These groups contributed 0.95, 0.73 and 0.90 percentage points, respectively, to the monthly increase.

Of the 174 subclasses covered by the index, prices declined in 19, remained unchanged in eight and increased in 147 in April.

Inflation,