Turkey's inflation rate falls to 19.50% in April
Annual inflation in April down from 19.71% previous month, according to official data
By Tuba Sahin
ANKARA (AA) - Turkey saw a 19.50% year-on-year rise in consumer prices last month, the country's statistical authority announced Friday.
The annual inflation rate in April was down from 19.71% the previous month, according to TurkStat.
The April figure was also below market expectations.
A group of 16 economists polled by Anadolu Agency forecast consumer prices in Turkey would rise 20.25% compared to the same month last year.
The highest price increase last month was seen in food and non-alcoholic beverages, up 31.86% on a yearly basis.
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