In March, inflation in Türkiye was about 38% year-on-year, while the rate of price growth has been declining for the tenth month in a row. In February, inflation rates were around 39% year-on-year, according to a Turkstat report.
Excluding food, consumer prices rose by 37.42% in March from 42.1% in February, which is the lowest level since December 2021.
It should be noted that in March, Türkiye's national currency fell to a record low amid the arrest of Istanbul's opposition mayor, Ekrem İmamoğlu, and subsequent protests. The dollar was valued at 41 lira for the first time in history.
