Turkey Inflation March 2021


Turkey: Inflation increases to over one-year high in March

April 6, 2021

Consumer prices increased 1.08% from the previous month in March, picking up from February's 0.91% increase. The print came on the back of marked price increases for health; education; hotels, cafes and restaurants; recreation and culture; and clothing and footwear. This more than offset flatlining transportation prices.

Inflation increased to 16.2%in March, following February’s 15.6%. March's result marked the highest inflation rate since July 2019. Annual average inflation rose to 13.2% in March (February: 12.8%). Lastly, core inflation rose to 16.9% from February’s 16.2%.

FocusEconomics Consensus Forecast panelists expect inflation to average 11.2% in 2021, which is up 0.1 percentage points from last month’s forecast, and 9.9% in 2022.


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Turkey Inflation March 2021

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