Turkey Inflation April 2022


Turkey: Inflation comes in at highest level since our records began

May 6, 2022

Consumer prices rose 7.25% over the previous month in April, accelerating from the 5.46% increase logged in March. The reading was driven by rising prices for food and non-alcoholic beverages and housing and utilities.

Inflation rose to 70.0% in April from March’s 61.1%. April's result was the highest inflation rate since our current records began. Annual average inflation rose to 34.5% in April (March: 29.9%). Finally, core inflation rose to 52.4% in April, from the previous month's 48.4%.

FocusEconomics Consensus Forecast panelists expect inflation to average 53.2% in 2022 and 22.3% in 2023.


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Turkey Inflation April 2022

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