Inflation Expected to Rise by 68 percent in April

According to inflation surveys, market participants expect annual inflation to reach 68.3 percent in April. According to the inflation surveys conducted by expert economists, the median expectation of the 16 institutions participating in the study was 6.2 percent monthly in CPI in April; It was recorded that it would be at the level of 68.3 percent annually. The lowest expectation for April inflation was 4 percent monthly, while the highest expectation was 7.8 percent. In the survey period in March, the expectation of 20 institutions that shared their year-end inflation expectations increased from 45 percent in the median to 55 percent in April. Inflation exceeded 60% in March According to the analysts of the Turkish Statistical Institute (TUIK), annual consumer inflation was recorded as 61.14 percent last March. According to the data, the monthly increase was announced as 5.46 percent. Core inflation was recorded as 48.39 percent, while the gap between producer inflation and consumer inflation reached a record level again with 53.8 points.