Food inflation in Turkey: Rate in April is 14 times higher than OECD average

While food inflation for April was announced 31.9 percent for Turkey, the average food inflation for OECD countries was 2.3 percent
Friday, 07 June 2019 08:53

According to the figures announced by the Organization for Economic Cooperation and Development (OECD), food inflation in Turkey is nearly 14 times higher than the average of the member countries, hitting a level of 31.9 percent.

According to the OECD, average food inflation in member countries in April was 2.3 percent compared to the same period of the previous year.

This rate was 1.7 percent in EU countries and 0.9 percent in G7 countries.

According to the same report, the increase in food inflation in Turkey contributed 7.3 percentage points to the increase in the annual inflation rate.

Inflation rate in the energy sector in April increased to 17.3 percent in Turkey, while the OECD average is 3.8 percent, the EU average is 4.8 percent.