Office for National Statistics

Türkiye's annual inflation rate accelerated from 64.86 percent in January to 67 percent in February, but the pace of monthly inflation increase slowed, the data from the Turkish Statistical Institute (TÜİK) have shown.

Consumer prices advanced 4.53 percent month-on-month, down from 6.7 percent in January.

In February 2024, inflation in the Eurozone slowed down to 2.6% on an annual basis from 2.8% in January, but slightly more than anticipated, as preliminary data from Eurostat indicates.

Every month, the Consumer Price Index (CPI) increased by 0.6% in February compared to the previous month when it decreased by 0.4%.

In February, annual inflation in Bulgaria slowed down to a 9-month low of 16.0% compared to 16.7% in January, according to the data of the National Statistical Institute. This is the lowest annual inflation rate since May 2022.

On a monthly basis, however, there was an increase in consumer prices by 0.8% compared to the first month of 2023, when inflation rose by 1.4%.

In 2020, as Britain faced the brunt of the COVID-19 pandemic, it saw its biggest fall in output for more than 300 years, and a bigger fall than any other major economy showed updated official figures.

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Turkish inflation rose year-on-year in June to a 23-year high of 78.62%, its acceleration for the 13th consecutive month boosted by the weakness of the local currency (the Turkish lira) and the negative effects of Russia's military invasion of Ukraine, which are expressed in a continued strong increase in the prices of raw materials.

The annual inflation for March 2022 compared to March 2021 in Bulgaria is 12.4%, according to the National Statistical Institute.

The consumer price index for March 2022 compared to February 2022 is 102.2%, i.e. monthly inflation is 2.2%, Inflation since the beginning of the year (March 2022 compared to December 2021) is 5.2%.

The National Statistical Institute announced inflation in December, which is expected to be high. For the year, on average, prices increased by 7.8%.

Bulgaria: 7.8% Annual Inflation in December

The National Bank of Romania (BNR) has increased to 5.6 pct the inflation prognosis for the end of this year and 3.4 pct for the end of next year, according to a presentation delivered on Monday by the Governor of the National Bank of Romania, Mugur Isarescu.

Turkey posted a 16.19% annual rise in consumer prices in March, the country's statistical authority announced on April 5. 

The annual figure increased by 0.58 percentage points last month, rising from 15.61% in February, according to the Turkish Statistical Institute (TÜİK).

Month-on-month, the consumer price index climbed by 1.08% in March.