Turkey annual inflation eases to 37.9pc

ISTANBUL, May 05 (AFP): Turkey's annual inflation rate slowed in April for the 11th month in a row, official data showed Monday.

Consumer price rises slowed to 37.9 per cent, down from 38.1 per cent in March, figures from the Turkish statistical institute (TUIK) showed. Turkey has experienced double-digit inflation since 2019, making life increasingly more expensive for millions of people.

The decline came as Turkey struggled to contain the political fallout from the jailing of President Recep Tayyip Erdogan's biggest political rival, Istanbul mayor Ekrem Imamoglu.