Türkiye's Annual Inflation Drops to 37.86% in April

Türkiye's annual inflation rate fell to 37.86% in April, slightly below both previous readings and market expectations, continuing a gradual downward trend. Consumer prices increased by 3% month-over-month, with notable annual rises in housing, food, and transportation costs. This marks a deceleration from March’s 38.1% rate, as confirmed by the Turkish Statistical Institute. The moderation in inflation comes amid ongoing policy adjustments, including recent interest rate hikes by the central bank to counter persistent price pressures. Forecasters such as S&P Global predict inflation will continue to decline over the next few years, though it remains high compared to historical norms. The overall economic outlook anticipates steady growth and further easing of inflation if current policies are maintained.