Turkey's inflation jumps to 61.1% in March, highest since 2002

Credit: REUTERS/DILARA SENKAYA

ISTANBUL, April 4 (Reuters) - Turkey's annual inflation surged to 61.14% in March, according to data on Monday, just below forecast but at a two-decade high, fuelled by the Russia-Ukraine conflict and rising commodity prices after a lira crash late last year.

Month-on-month, consumer prices rose 5.46%, the Turkish Statistical Institute said, compared to a Reuters poll forecast of 5.7%. Annually, consumer price inflation was forecast to be 61.5%.

The producer price index climbed 9.19% month-on-month in March for an annual rise of 114.97%.

(Reporting by Berna Suleymanoglu and Halilcan Soran Writing by Daren Butler Editing by Dominic Evans)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.