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Turkish Central Bank expects inflation to peak in 2024 at 73-75%
Finance
- 17 April, 2024
- 05:53
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Peak inflation in Türkiye this year will range from 73 to 75%, Report informs referring to the Ekonomim newspaper.
Annual inflation in Türkiye at the end of March, according to official data, accelerated to 68.5% from 67.07% in February, the country’s Statistics Institute (TUIK) reported, while independent experts from the ENAG group estimated it at 124.63%.
Finance Minister Mehmet Simsek previously said that the country’s government expects to achieve price stability and single-digit inflation by 2026.
Inflation will peak at 73% to 75%, 36% at the end of this year, 14% next year and 9% by 2025.
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