Turkey Inflation April 2021

Turkey

Turkey: Inflation rises to near two-year high in April

May 4, 2021

Consumer prices increased 1.68% in April over the previous month, accelerating from March's 1.08% rise. The print reflected a jump in clothing and footwear prices, while prices for food and non-alcoholic beverages, and education also rose notably.

Inflation came in at 17.1% in April, following March’s 16.2%. April's reading represented the highest inflation rate since May 2019. Annual average inflation rose to 13.7% in April (March: 13.2%). Core inflation came in at 17.8% in April from March’s 16.9% increase.

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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