Rate of Turkish lira fell to a record low based on inflation data in Turkey

Consumer prices in Turkey rose in April to a maximum of 4 months 10.85% from 10.2% in March, according to official data. The largest increase in prices was recorded in housing, utility services, transportation, household appliances, clothing and footwear production. Energy prices went up by 12% compared to an increase of 8.3% in March. The rise in food prices slowed to 8.8% from 10.4%. Producer price growth in Turkey in April at 16.37% in annual terms was the most significant since November last year. Against the background of these data, the lira exchange rate against the US dollar fell by 13% on Thursday to a record low of 4.23 lira per dollar. In relation to the euro, the national currency of Turkey fell 1.6% to 5.07 lira for the euro.

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