Turkiye's annual inflation at 61.14% in March

By Gokhan Ergocun

ISTANBUL (AA) – Turkiye saw a 61.14% annual hike in consumer prices in March, the country’s statistical authority said on Monday.

The figure was 54.4% in the previous month and 16.19% in March 2021, according to the Turkish Statistical Institute (TurkStat).

The monthly inflation rate was 5.46% in March, up from 4.81% in February.

A group of 15 economists projected an average annual rise of 60.95% in consumer prices in March, an Anadolu Agency survey found last week.