April Inflation Data to Be Released Tomorrow
Upcoming Inflation Data Announcement in Turkey
The Turkish Statistical Institute is set to announce the April inflation figures tomorrow, marking the fourth inflation data release of the year.
In March, the Consumer Price Index (CPI) rose by 2.46% on a monthly basis, while the Domestic Producer Price Index (D-PPI) increased by 1.88%. These figures reflect a significant annual inflation rate of 38.1% for consumer prices and 23.5% for domestic producer prices.
The Central Bank of the Republic of Turkey (CBRT) has released its "sectoral inflation expectations," indicating that annual inflation expectations among market participants increased by 1.0 percentage point to 41.7%. Interestingly, the expectation for inflation among households decreased by 4.1 points in the last month, settling at 27.2%.
Throughout the first quarter of the year, consumer prices have shown a consistent upward trend, increasing by 5.03% in January, 2.27% in February, and 2.46% in March. With these figures in mind, stakeholders are keenly awaiting the April announcement to insights into future economic conditions.
