Inflation Rates in Turkey
In March, the Consumer Price Index (CPI) in Turkey increased by 3.16% monthly, while the Domestic Producer Price Index (D-PPI) rose by 3.29%. The annual inflation rates were 68.5% for consumer prices and 51.47% for domestic producer prices.
According to the data from the Turkish Statistical Institute, when considering the 12-month averages in March, consumer prices increased by 57.5% and domestic producer prices by 45.28%. The monthly CPI increased by 3.16%, while D-PPI rose by 3.29%.
The CPI in March increased by 15.06% compared to the same month last year and by 68.5% compared to December of the previous year. The D-PPI increased by 11.59% compared to December 2023 and by 51.47% compared to March of the previous year.
Economists participating in the AA Financial Inflation Expectation Survey had predicted a 3.67% increase in the CPI in March. They had also calculated that the annual inflation rate, which was 67.07% in the previous month, would rise to 69.32%.