Turkish inflation soars to 69.8% year-on-year in April

This marks a significant increase from 18.72% in December 2023. The monthly inflation rate was 3.18%.

The education sector witnessed the highest annual increase at 103.86%, while clothing and footwear saw the lowest at 51.20%.

On a monthly basis, health saw the smallest increase at 1.03%, while alcoholic beverages and tobacco showed the highest increase at 9.56%.

The core inflation rate, excluding volatile categories like food, energy, and some goods, reached 72.72% annually. The monthly core inflation rate was 3.24%.

These figures highlight Türkiye's ongoing battle with high inflation, posing challenges for both the government and Turkish citizens. (ILKHA)