Turkey’s Nebati Says April Inflation to Be ‘Notably’ Below 50%

Turkish Finance Minister Nureddin Nebati said he expects April inflation to be below 50% and that citizens will feel the impact before they vote in May’s elections.

“Inflation will have slowed to notably below 50%,” Nebati said of the data, which will be announced on May 3 — less than two weeks before May 14 vote. “As of May, this relaxation in prices will become much more noticeable.”