Turkey: Annual inflation up in April

By Dilara Zengin

ANKARA (AA) - Turkey's annual inflation rate increased in April, the Turkish Statistical Institute (TurkStat) announced on Wednesday.

Consumer prices in Turkey rose 11.87 percent year-on-year in April from 11.29 percent in March, TurkStat said.

Meanwhile, monthly inflation also climbed 1.31 percent in April over the previous month, in parallel with expert predictions.

The median estimate of an inflation expectation survey prepared by Anadolu Agency’s Finance Desk, done with the participation of 22 economists, was a 1.30-percent advance on a monthly basis and 11.86 percent on an annual basis.

The report showed the highest monthly increase was in clothing and footwear, 9.13 percent, while the main drivers of yearly consumer price inflation on an annual basis were alcoholic beverages and tobacco, together up 21.65 percent.