_turkey39s-inflation-rate-surges-to-an-alarming-70-central-bank-implements-massive-50-rate-hike.jpg "Turkey's Inflation Rate Surges to an Alarming 70%, Central Bank Implements Massive 50% Rate Hike from honey rose nipple Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 485K times
✓ Published: 04-May-2024
👁 View: 485K times
✓ Published: 04-May-2024
Description:
Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
Turkey's inflation rate accelerated to nearly 70% annually in April. This is the highest annual increase since November 2022, when it reached approximately 85%. Prices rose over 3% on a monthly basis, driven by increases in alcohol, tobacco, hotels, and restaurants. While high, the April inflation rate was lower than analysts' expectations. Turkey's central bank hiked rates to 50% to combat inflation, saying tight policy would continue until prices reliably declined. Analysts say inflation may fall in the second half of 2024 but are less optimistic about the pace of decrease.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_royal-highland-show-there-truly-is-something-for-everyone-at-scotlands-largest-outdoor-event.webp "The Royal Highland Show, produced by Scotland’s agricultural charity, RHASS (Royal Highland & Agricultural Society of Scotland) is, promising an unforgettable event for all attendees in it’s 202nd year.<br/>Highlighting what might be perceived as the more unexpected elements of the show, from mountain biking displays to the interactive and immersive Honey Marquee, show organisers have created a buzz around the 2024 event with the launch its new creative campaign – The Royal Highland Ohh!")
⏲ 0:53 👁 2.3M
_kentucky-derby-style-guide-with-zanna-roberts-rassi-how-to-wear-the-big-hat-prep-school-and-rose-trend.webp "Kentucky Derby Style Guide with Zanna Roberts Rassi: How to Wear the Big Hat, Prep School and Rose Trend")
⏲ 8:27 👁 8.1M
_swedish-firm-aira-launches-sheffield-39centre-of-excellence39-to-train-new-heat-pump-installers.webp "A new training academy to develop the heat pump installers of the future has opened in Sheffield.<br/>Swedish clean energy firm Aira, which is seeking to create 8,000 jobs in the UK over the next decade as part of its expansion plans into this country, has established a training facility on the White Rose Business Park in Halfway.<br/><br/>The site is next to home renewable specialist All Seasons Energy, which Aira purchased last year.<br/><br/>It is hoped the Sheffield training facility will become a Northern “centre of excellence” for training dozens of new heat pump specialists in the coming years, with plans to open a similar site in the south of England.<br/><br/>An initial pilot scheme involving four apprentices hired by Aira and in partnership with Rotherham College and North Notts College is starting from the site.<br/><br/>Academy manager Sarah Stevens said two technician apprentices and two electrician apprentices have been hired who will leanr on the job assisted by mentors and also do one day a week at college. Their roles will start from September and it will take around three years to fully qualify.<br/><br/>\")
⏲ 1:58 👁 5.1M
![Namak Haram Episode 26 [CC] 3rd May 24 - Sponsored By Happilac Paint, White Rose, Sandal Cosmetics from honey rose nipple](https://cdn6.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KEIyGBQSwERckn0kXFQEOFv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_namak-haram-episode-26-cc-3rd-may-24-sponsored-by-happilac-paint-white-rose-sandal-cosmetics.webp "Namak Haram Episode 26 [CC] 3rd May 24 - Sponsored By Happilac Paint, White Rose, Sandal Cosmetics from honey rose nipple")
⏲ 34:45 👁 805K
_woman-with-39paralysed-stomach39-hasn39t-eaten-for-eight-years.webp "<p>Liv Rose has been struggling with stomach pain since she was a child and was eventually diagnosed with gastroparesis - when food passes through the stomach slower than it should.</p><br/><p>Credit: SWNS</p>")
_donagh-bees.webp "Irish black bees working in a hive owned by Abdul Ahmed of Donagh Bees. Abdul sells natural honey and honey products.")
_happy-wedding-day-on-the-season-finale-of-cbs-ghosts.webp "Get a sneak peek into the hilarious hijinks of Ghosts Season 3 Episode 10 with the official “Happy Wedding Day” clip! Featuring the talented Ghosts cast: Rose McIver, Utkarsh Ambudkar, Brandon Scott Jones, Román Zaragoza and more. Don't miss the laughter—stream Ghosts Season 3 now on Paramount+!<br/><br/>Ghosts Cast:<br/><br/>Rose McIver, Utkarsh Ambudkar, Brandon Scott Jones, Richie Moriarty, Asher Grodman, Rebecca Wisocky, Devan Chandler Long, Danielle Pinnock, John Hartman, Román Zaragoza, Caroline Aaron and Sheila Carrasco<br/><br/>Stream Ghosts Season 3 now on Paramount+!")
_apple39s-q2-results-exceed-expectations-shares-surge-6-as-tech-giant-gears-up-for-developer-conference-in-june.webp "Apple's second-quarter results revealed better-than-expected sales and profits, boosting its shares by approximately 6% in pre-market trading on Friday. iPhone sales declined 10% year-over-year, better than feared, while Apple's Greater China revenue fell 8% but was above estimates. Earnings per share also topped estimates. Apple authorized an additional $110 billion for share repurchases and increased its dividend. Apple is dealing with slowing China sales and competition but saw growth there. Apple is gearing up new software and \")
⏲ 0:42 👁 325K
_royal-highland-show-there-truly-is-something-for-everyone-at-scotlands-largest-outdoor-event.jpg)
_kentucky-derby-style-guide-with-zanna-roberts-rassi-how-to-wear-the-big-hat-prep-school-and-rose-trend.jpg)
_swedish-firm-aira-launches-sheffield-39centre-of-excellence39-to-train-new-heat-pump-installers.jpg)
_namak-haram-episode-26-cc-3rd-may-24-sponsored-by-happilac-paint-white-rose-sandal-cosmetics.jpg)
_woman-with-39paralysed-stomach39-hasn39t-eaten-for-eight-years.jpg)
_donagh-bees.jpg)
_happy-wedding-day-on-the-season-finale-of-cbs-ghosts.jpg)
_apple39s-q2-results-exceed-expectations-shares-surge-6-as-tech-giant-gears-up-for-developer-conference-in-june.jpg)
![[+]](/images/menu.gif){kind=small}