Vice President Cevdet Yilmaz, announced today and under expectations of inflation figures evaluated. Cevdet Yilmaz, high food prices in March, the effects of the month of Ramadan stressed.
Emphasizing that the disinflation process has been continuing for 10 months, Yilmaz said, “Consumer inflation has decreased by 37.4 points since June 2024, when disinflation began.” he said.
Cevdet Yılmaz’s statement is as follows;
“The main priority of our economy program is to reduce inflation. With strong political and social ownership, we continue to successfully implement our program, which has a holistic framework. The disinflation process, which started in June last year, maintains its impact in March and continues for 10 months.
Consumer inflation decreased to 38.1 percent annually in March, decreasing 37.4 points since June 2024, when disinflation began.
In the monthly basis, the effect of Ramadan is seen in food prices with 1.2 points in inflation. The breaking of the stiffness in service inflation continues and the service inflation rate decreases. The decrease in the rate of increase in domestic producer prices compared to the previous month and the decrease in the annual producer inflation to 23.5 percent indicate that cost -of -cost pressures on consumer prices are gradually alleviated.
While reducing inflation, we aim to grow and increase employment with a export -oriented macroeconomic frame that improves the investment environment, increases productivity, expands productive capacity and expands. In order to succeed in the healthy management of expectations and the fight against inflation, we continue to effectively coordinate our money and finance policies. Periodic developments may have short -term positive or negative effects. The main frame and direction of the program is the main frame and the direction. As seen recently, our institutions have the capacity to quickly take the necessary measures for short -term effects.
We will continue to work with a strong and stable economy, in coordination for inclusive social policies and in consultation and cooperation with all stakeholders.
In an environment where inflation decreases to much lower rates; We aim to grow and increase social welfare in stability. We will continue our stable struggle with inflation until it reaches single -digit rates. “
