Turkiye ScoopTurkiye Scoop
    What's Hot

    UN chief ‘alarmed’ about Israel’s firing shots at diplomatic delegation

    May 22, 2025

    Izmir summit spotlights urgent need for nationwide urban transformation

    May 21, 2025

    Izmir summit spotlights urgent need for nationwide urban transformation

    May 21, 2025
    Turkiye ScoopTurkiye Scoop
    Subscribe
    • Turkiye
    • Politics
    • Business
    • Opinion
    • Economy
    • Sports
    • International
    • News Analysis
    Turkiye ScoopTurkiye Scoop
    Home»Economy»Türkiye’s annual inflation fell for 11 consecutive months to 40-month low in April: Erdoğan
    Economy

    Türkiye’s annual inflation fell for 11 consecutive months to 40-month low in April: Erdoğan

    By Anadolu AgencyMay 9, 20252 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Türkiye’s President Recep Tayyip Erdoğan stated Friday that annual inflation in the country has fallen to a 40-month low in April, and it will continue to fall.

    “Annual inflation has fallen uninterruptedly for 11 months. In April, we reached the lowest level of the last 40 months. God willing, it will continue,” he said during a business body meeting in Istanbul.

    Erdoğan stated that the current account deficit is declining steadily, and excluding gold, Türkiye has a current account surplus.

    “The fall in oil prices is working in our favor, bringing down both inflation and the external deficit. We are also at historic levels in employment. Our unemployment rate dropped to 7.9% in March. This rate is 6.5% for men and 10.6% for women. These figures point to the lowest level of the last 20 years,” he said.

    The president emphasized that the country continues on its path with a sustainable and inclusive growth target that goes beyond short-term fluctuations.

    He also touched on the recent fluctuations in the global economy and said the storm in the global economy will take time to calm.

    “We see that the global economy is trying to navigate a stormy sea. It will take some time for the stones to settle and the waters to calm down,” the president added.

    Erdoğan stated that fear of inflation has become the main determinant of economic policies in many countries around the world, including advanced economies.

    “It is understood that the atmosphere of uncertainty will continue for a while with the negative impact of the escalating confrontations over tariffs,” he said.

    Türkiye’s annual inflation rate slowed to 37.8% in April, the lowest since December 2021, when it was 36.08%.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticlePakistan PM lauds Türkiye’s offer to mediate S. Asia deescalation
    Next Article When the lights went out: The Iberian blackout and the future of Europe’s energy grid

    Related Posts

    Turkish stock exchange down at Wednesday’s open

    May 21, 2025

    China cuts interest rates for 1st time in 7 months

    May 20, 2025

    ‘Draw a Red Line for Gaza’ : Pro-Palestinian protesters rally in The Hague to demand Dutch action

    May 18, 2025

    UNRWA chief says over 300 staff members killed in Israeli attacks in Gaza

    May 18, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    Latest News

    UN chief ‘alarmed’ about Israel’s firing shots at diplomatic delegation

    May 22, 2025

    Izmir summit spotlights urgent need for nationwide urban transformation

    May 21, 2025

    Izmir summit spotlights urgent need for nationwide urban transformation

    May 21, 2025

    Izmir summit spotlights urgent need for nationwide urban transformation

    May 21, 2025

    Turkic states summit honors Aziz Sancar for scientific contributions

    May 21, 2025

    Turkic states summit honors Aziz Sancar for scientific contributions

    May 21, 2025

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Türkiye Scoop is a leading Turkish news outlet delivering timely, accurate coverage on national and international events. With a focus on politics, economics, culture, and world affairs, it provides balanced reporting and insightful analysis. Türkiye Scoop’s strong digital platform offers readers easy access to breaking news and expert commentary, making it a trusted source for comprehensive news.

    Latest News

    UN chief ‘alarmed’ about Israel’s firing shots at diplomatic delegation

    May 22, 2025

    Izmir summit spotlights urgent need for nationwide urban transformation

    May 21, 2025
    Coverage
    • Turkiye
    • Politics
    • Business
    • Opinion
    • Economy
    • Sports
    • International
    • News Analysis

    Subscribe to Updates

    Subscribe to Türkiye Scoop for top headlines, in-depth analysis, and expert insights delivered straight to your inbox.

    Type above and press Enter to search. Press Esc to cancel.