Türkiye’s annual inflation rate hit 68.5 pct in March

A woman shops at a market in Ankara, Türkiye, on April 3, 2024. Türkiye’s annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday. (Photo by Mustafa Kaya/Xinhua)

ANKARA, April 3 (Xinhua) — Türkiye’s annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday.

Consumer prices registered a monthly increase of 3.16 percent, with education, communication, and the combined sector of hotels, restaurants, and cafes leading the rise at 13 percent, 5.6 percent, and 3.9 percent, respectively, according to the Turkish Statistical Institute.

The cost of education experienced the highest annual increase at 104.07 percent, followed by restaurants and hotels at 94.97 percent and health at 80.25 percent.

Despite implementing a monetary tightening policy since mid-2023, the inflation rate remains high in Türkiye. ■

A man shops at a market in Ankara, Türkiye, on April 3, 2024. Türkiye’s annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday. (Photo by Mustafa Kaya/Xinhua)

People shop at a market in Ankara, Türkiye, on April 3, 2024. Türkiye’s annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday. (Photo by Mustafa Kaya/Xinhua)