Price indices

The Turkish Statistical Institute (TÜİK) has said that it will take a government decision on free natural gas into account when calculating the May inflation, and that it is expected to have a strong effect in pushing the inflation index down.

Japan's consumer prices rose 3.4 percent on-year in April, in line with market expectations, government data showed on May 19.    

The figure, which excludes volatile fresh food prices, followed a 3.1 percent rise recorded in both March and February.    

The end-year inflation expectations in the Central Bank's latest survey of market participants eased from 37.77 in April to 37.17 percent in May.

The annual consumer price inflation further slowed to 43.68 percent in April from 50.5 percent in the previous month, with the CPI advancing 2.39 percent monthly.

Falling for a sixth consecutive month, Türkiye's annual consumer inflation rate slowed to a 16-month low of 43.68 percent in April, according to official data released yesterday.

April's figure, announced by the Turkish Statistical Institute (TÜİK), was down from 50.51 percent in March.
The inflation rate was 69.97 percent in April 2022.

April ended with the Greek economy registering the fourth lowest inflation in the eurozone, an encouraging fact, but not entirely reassuring.

The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10 percent for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers.

In March, annual inflation in Bulgaria slowed down to a 12-month low of 14.0% compared to 16.0% in February, according to the data of the National Statistical Institute. This is the lowest annual inflation rate since March 2022, when it stood at 12.4%.

The industrial imports price index recorded a decrease in February 2023 - for the first time since January 2021 - on an annual basis, while a decline was also recorded on a monthly basis.

This element is essentially an indication of price de-escalation, mainly in energy and to a lesser degree in some primary and secondary materials, such as basic metals and paper.

Eurostat's provisional data on March inflation, released on Friday, showed a slowdown in the rate of price growth in Greece, but also in the eurozone as a whole.

Almost six out of every 10 Greek consumers state that they have been forced to eat into their savings, as the waves of price increases have shrunk their available monthly income.