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Turkish President Recep Tayyip Erdogan said the government expected the country's annual inflation to drop to 30% by the end of 2023. "We hope that inflation, which has been declining rapidly since the beginning of the year, …
Turkish inflation slowed for the first time in over a year and a half, though measures to revive the economy ahead of elections in 2023 may keep it elevated for some time. Consumer prices rose an annual 84.4% in November, down …
Turkish annual inflation climbed to a new 24-year high of 85.51% in October, official data showed on Thursday, slightly below forecast, after the central bank cut its policy rate despite surging prices. In the last three months, the …
Annual inflation in Turkey hit 83.45% in September 2022, the Turkish Statistical Institute (TUIK) reported on Monday. In August inflation reached 80.21%. Meanwhile, according to data provided by the independent Inflation Research Group …
Turkey's annual inflation climbed to a fresh 24-year high of 80.21% in August, a bit below expectations according to official data,after the central bank unexpectedly cut interest rates and stoked a cost-of-living crisis. Despite …
The Turkish lira is likely to tumble further in the coming months as the country’s current account gap threatens to grow beyond $40 billion by the end of the year
Despite a relative slowdown in July, Turkey’s consumer inflation appears on course to overshoot the central bank’s newly revised year-end forecast of 60.4%
Turkey's tourism revenues nearly tripled in the second quarter while first-half foreign visitor numbers surged close to 2019 levels
Turkey's inflation rose by 4.95% on a monthly basis in June to reach a lower-than-expected 78.62% on an annual basis, the Turkish Statistical Institute (TurkStat) revealed Monday. It was expected to reach 80%, according to the …
Turkey's Treasury said on Friday fighting inflation remained its top priority after authorities announced fresh measures to shore up an economy beleaguered by surging prices and a sliding lira
Turkey’s May consumer inflation came in lower than expected, but newly announced gas and electricity hikes bode a renewed resurge in prices across the board.
Turkey's annual inflation rate jumped to a 24-year high of 73.5% in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira -- though the figure was slightly lower than economists had feared. Inflation has …
GDP probably expanded at slowest rate since 2020 last quarter
Expectations for Turkish inflation through the end of this year have ticked higher, a closely watched survey showed Monday, as Turkey’s central bank is seen holding its benchmark policy rate unchanged this week. Propelled by …
Turkey's annual inflation jumped to 69.97% in April, above forecast and at a two-decade high, according to data on Thursday. The currency slide was triggered by a 500 basis point-easing cycle which began last September under …
According to Bloomberg, Turkey is set to raise inflation forecasts after consumer prices surged to nearly …
Turkey’s central bank on Thursday hiked its year-end annual inflation forecast to 42.8%, from 23.2% three months ago, according to a presentation by its governor. The Central Bank of the Republic of Turkey (CBRT) also sees a …
Banks and big companies have benefited from Ankara’s controversial policy to keep interest rates low, while soaring inflation eats into the real income of the wage-earning masses
Turkey kept interest rates unchanged for a fourth straight month despite a surge in inflation past 60%, putting more onus on the central bank’s unconventional policies to tether the lira
Yearly inflation in Turkey hit 61.14% on Monday, climbing to a new 20-year high and deepening a cost of living crisis for many households. The Turkish Statistical Institute said consumer prices rose by 5.46% in March compared with the …
