Turkey's inflation rate falls to 19.50% in April

ANKARA

Turkey saw a 19.50% year-on-year rise in consumer prices last month, the country's statistical authority announced Friday.

The annual inflation rate in April was down from 19.71% the previous month, according to TurkStat.

The April figure was also below market expectations.

A group of 16 economists polled by Anadolu Agency forecast consumer prices in Turkey would rise 20.25% compared to the same month last year.

The highest price increase last month was seen in food and non-alcoholic beverages, up 31.86% on a yearly basis.