ANL 23.00 Decreased By ▼ -1.19 (-4.92%)
ASC 14.35 Decreased By ▼ -0.85 (-5.59%)
ASL 21.75 Decreased By ▼ -0.25 (-1.14%)
BOP 8.19 Decreased By ▼ -0.23 (-2.73%)
BYCO 7.99 Decreased By ▼ -0.47 (-5.56%)
FCCL 17.49 Increased By ▲ 0.09 (0.52%)
FFBL 23.40 Decreased By ▼ -0.82 (-3.39%)
FFL 15.78 Decreased By ▼ -1.12 (-6.63%)
FNEL 7.50 Decreased By ▼ -0.65 (-7.98%)
GGGL 19.19 Decreased By ▼ -1.50 (-7.25%)
GGL 38.50 Decreased By ▼ -3.03 (-7.3%)
HUMNL 6.00 Decreased By ▼ -0.55 (-8.4%)
JSCL 19.20 Decreased By ▼ -0.93 (-4.62%)
KAPCO 36.80 Decreased By ▼ -0.70 (-1.87%)
KEL 3.42 Decreased By ▼ -0.09 (-2.56%)
MDTL 2.66 Decreased By ▼ -0.29 (-9.83%)
MLCF 34.35 Decreased By ▼ -0.70 (-2%)
NETSOL 138.00 Decreased By ▼ -6.85 (-4.73%)
PACE 5.00 Decreased By ▼ -0.97 (-16.25%)
PAEL 28.25 Decreased By ▼ -1.84 (-6.11%)
PIBTL 8.82 Decreased By ▼ -0.35 (-3.82%)
POWER 7.30 Decreased By ▼ -0.30 (-3.95%)
PRL 18.10 Decreased By ▼ -1.15 (-5.97%)
PTC 9.83 Decreased By ▼ -0.29 (-2.87%)
SILK 1.44 Decreased By ▼ -0.18 (-11.11%)
SNGP 42.99 Decreased By ▼ -0.51 (-1.17%)
TELE 20.41 Decreased By ▼ -1.59 (-7.23%)
TRG 166.38 Decreased By ▼ -4.12 (-2.42%)
UNITY 32.15 Decreased By ▼ -1.79 (-5.27%)
WTL 2.85 Decreased By ▼ -0.24 (-7.77%)
BR100 4,749 Decreased By ▼ -108.79 (-2.24%)
BR30 22,988 Decreased By ▼ -877.8 (-3.68%)
KSE100 45,118 Decreased By ▼ -891.21 (-1.94%)
KSE30 17,846 Decreased By ▼ -333.3 (-1.83%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,374
4724hr
Pakistan Cases
1,230,238
2,33324hr
4.56% positivity
Sindh
452,267
Punjab
424,701
Balochistan
32,796
Islamabad
104,472
KPK
171,874

ISTANBUL: Turkey’s inflation rate fell from a two-year high to 16.59% year-on-year in May, data showed on Thursday, bucking market expectations for another rise thanks largely to limited price increases during a full lockdown in the first half of the month.

Inflation had quickened to 17.14% in April, the highest since mid-2019, due to the lira’s sharp fall after President Tayyip Erdogan sacked a hawkish central bank governor in March.

The currency weakened further in May, raising expectations of higher inflation due to imports priced in hard currencies. The median estimate in a Reuters poll for annual inflation was 17.25%.

Month-on-month, consumer prices rose 0.89%, the Turkish Statistical Institute said, compared to a Reuters poll forecast of 1.46%. Turkey was under lockdown in the first half of May aimed at slowing the spread of new Covid-19 cases. Economists said a ban on the sale of some items during the lockdown curbed price rises but that hikes would be implemented in June.

Comments

Comments are closed.