Inflation & Prices
Turkey Gets More Reprieve From Inflation With Dive Below 50%
- Price growth likely to stagnate at high level after steep drop
- Risks to lira after elections posing threat to price stability
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Turkey’s inflation slowed below 50% for the first time in over a year, with risks for price stability rising as the country goes to the polls in less than two weeks.
Though the annual rate in April slowed slightly more than expected by economists, core inflation was still running hot, exceeding headline price gains for the first time since May 2021 in a sign cost pressures remain elevated.