Economists expect rise in Turkey's March inflation

ISTANBUL

Turkey's annual inflation rate is projected to rise to 16.21% in March, an Anadolu Agency survey found on Thursday.

Turkey's annual inflation rate in February was 15.61%, up 0.64 percentage points from the previous month.

The Turkish Statistical Institute will announce the March consumer prices index on April 5.

A group of 20 economists predicts that monthly inflation will average at 1.09%, varying between 0.49% and 1.75%.

The Turkish Central Bank expects the year-end inflation rate to hit 9.4% this year, while under Turkey's new economic program for 2021-2023, the country's inflation rate target for 2020 is 8%.