Turkish monthly inflation surges to 4.18% amid war fallout
Published on May 4, 2026.
Turkish monthly inflation has surged to 4.18% in April, according to analysts, a significant increase from the previous forecast of 3.28% monthly and 31.25% annually due to the effects of the ongoing war. The rise in inflation may force the central bank to raise its inflation forecasts and maintain them steady longer than planned. The biggest monthly price rises in April were from clothing and footwear, housing sector, and key food and drink sector prices rose by 3.7%. The government has taken steps to mitigate the impact of the war through measures including a fuel price increase and agricultural measures.
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