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Asharq Al-Awsat
Asharq Al-Awsat
Business
Ankara - Asharq Al-Awsat

SHOCKING: Turkish inflation dips to 50 - You Need To See This

Customers at a meat shop in Istanbul. (dpa)

Turkish annual consumer price inflation dropped to 50.51 percent in March, official data showed on Monday, slightly below forecast and easing ahead of landmark presidential and parliamentary elections on May 14.

Inflation has been stoked by a currency crisis at end-2021 that pushed it to a 24-year peak above 85 percent in October, before dipping with a favorable base effect to 55.2 percent in February.

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