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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.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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