Between January and April alone, prices rose by an average of 15.21 percent.
(Photo: Bloomberg)
Istanbul Turkish President Recep Tayyip Erdogan has to fear for his office in the upcoming election. Because in some polls for the vote on May 14, he is behind his challenger Kemal Kilicdaroglu, on whom a broad party alliance had agreed as the opposing candidate.
Erdogan cannot hope for the help of good economic data either. Because shortly before the elections, the Turkish economy makes a small leap – downwards.
The inflation rate was a good 43 percent in April and thus still well above the target of a good 22 percent by the end of the year. Between January and April alone, prices rose by an average of 15.21 percent, as the Turkish central bank announced on Thursday.
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