Turkey's inflation figure soars to hit its highest level since November 2022
Turkey is still grappling with stickier-than-anticipated inflation, with March 2024's year-on-year inflation print coming in at 68.5%, according to the Turkish Statistical Institute. This was the highest reading since November 2022, although slightly less than analyst expectations of 69.10%. However, it was still more than February's 67.07%. The increase in March's inflation number was mainly due to transport inflation increasing to 79.92% from 77.98% in the previous month, as well as utilities and housing prices rising 51.17% from 49.07% in February. Similarly, household equipment, furnishing...