Turkish Statistical Institute ( TurkStat), the annual inflation rate for March 2023 reported as 50.51 percent.
Inflation rates in Turkey show a downward movement. TurkStatAccording to the latest inflation rates announced by the company, inflation fell in line with expectations in March. Marchannual inflation expectation is 51.33 percentwhile the declared inflation rate is annual was 50.51 percent.
Moreover, TurkStatAccording to data released by MarchThe monthly inflation rate also decreased more than expected. became 2.29 percent . This rate corresponds to the lowest monthly level of the year. March monthly inflation expectation was at 2.85 percent.
Inflation Declining According to TurkStat Data
Turkish Statistical Institute ( TurkStat), the annual inflation rate for March 2023 50.51 percent, the monthly inflation rate 2.29 percentas declared.
TurkStat Looking at the inflation data provided by our company, it is observed that the annual inflation rate has reached the lowest level of the last six months. In addition, on a monthly basis, the lowest inflation month of the year, Marchit was a bear. February 2023inflation rates, annual 55.18 percentand monthly 3.15 percentwere at their level.
In addition, TURKSTAT “The main group with the lowest annual increase was clothing and shoes with 17.27 percent. . Hotels, cafes and restaurants were the main group with the highest annual increase with 70.73 percent.”made a statement.
TurkStat stated that the lowest increase in inflation occurred in the clothing and footwear side, while the highest increase in inflation was experienced in the education side.
