Treasury and Finance Minister Nureddin Nebati stated that they expect the rapid decline, which is the result of the determined struggle with inflation, to continue in the coming months and that annual inflation will decrease to much lower levels this year.
Nebati made an assessment of the inflation figures for April on his social media account.
Stating that the consumer price index (CPI) increased by 2.39 percent in April and the annual inflation decreased to 43.68 percent for 6 months in a row, Nebati said, “With this realization, the CPI inflation, which reached its peak with 85.5 percent in October last year, We have achieved a decrease of about 42 points.” used the phrase.
Noting that in the same period, the domestic producer price index (D-PPI) increased by 0.81 percent on a monthly basis and decreased to 52.11 percent on an annual basis, Nebati said:
“Thus, the gap between PPI-CPI, which rose to 72.2 points in October last year, narrowed down to single-digit levels. The decline in headline inflation and the fact that the gap between PPI-CPI continues to close gradually affects inflation expectations positively. “While we are struggling with employment losses, we continue our fight against inflation without compromising production, employment and growth. We expect this rapid decline, which is a result of our determined struggle with inflation, to continue in the coming months and annual inflation to decline to much lower levels this year.”