According to data from the Statistics Institute of Turkey, 1.87 percent compared to the previous month, inflation in April, compared to the same month of the previous year's 10.85 percent compared to the averages of twelve months and 11:06 percent increase was realized. After the inflation expectation came above the dollar, the exchange rate broke above 4.20 liras.
Consumer prices rose 1.87 percent in April, double the annual inflation rate of 10.85 percent. Turkey Statistics Institute (TUIK) data, according to the Consumer Price Index (CPI) increased by 1.87 percent compared to the previous month in April and approached the annual inflation target of 5.0 percent with 4.69 percent in the first four months of the year. According to TURKSTAT data, while the annual inflation rate was 10.85 percent, the 12 month average increase was 11.06 percent. Domestic producer prices also rose by 2.60 percent in April compared to the previous month, and a four-month increase of 8.03 percent. Thus, annual producer inflation reached 16.37 percent, and producer prices increased by 15.36 percent over the 12-month average.
The main expenditure groups increased by 3.54 percent in transportation, 2.32 percent in various goods and services, 2.11 percent in household goods, 1.67 percent in entertainment and culture, and 0.83 percent in restaurants and hotels from April 2008 to April 2008.
Another record from the dollar
TURKSTAT broke the historic record after the April inflation figures were announced. The dollar reached its historic level with 4.2310 pounds, while the euro was up to 5.0709 liras.
The greatest decline in food
While food and non-alcoholic beverages were the most declining by 0.21 percent per month, the other group, which showed a decline, was communication with 0.04 percent. The highest increase was 16.75 percent, followed by transportation with 16.45 percent, clothing and footwear with various goods and services with 12.03 percent, followed by restaurants and hotels with 11.88 percent.
2.60% increase in domestic producer prices
Domestic producer prices also increased by 2.60 percent in April compared to the previous month, 8.03 percent compared to December of the previous year, 16.37 percent compared to the same month of the previous year, and 15.36 percent over the twelve months averages. The changes of the four sectors of the industry compared to the previous month; 1.79 percent in mining and quarrying sector, 2.79 percent in manufacturing industry, 0.76 percent in electricity and gas, 0.79 percent in water sector. The biggest monthly increase in the domestic producer index was in coke and refined petroleum products with 10.335 percent, followed by printing and registration services with 9.80 percent and metal ore with 4.81 percent.