VP Yılmaz: Disinflation Continues Thanks to Decisive Economic Program

Turkish Vice President Cevdet Yılmaz stated that Türkiye’s ongoing disinflation trend is a direct result of the government’s resolute economic program, which he described as key to achieving long-term price stability and sustainable growth.

Yılmaz shared his remarks on the latest inflation data published today by the Turkish Statistical Institute (TÜİK), noting a consistent downward trajectory in both consumer and producer prices.

“Consumer inflation dropped to 37.9% annually in April, continuing its uninterrupted decline of 37.6 points since June 2024, when disinflation began,” Yılmaz posted on his official X (formerly Twitter) account.

Food and Rent Inflation Declining

Yılmaz highlighted a notable drop in unprocessed food price inflation, and a continued decline in rent inflation since the beginning of the year.

Meanwhile, domestic producer prices (D-PPI) rose by 2.8% month-over-month in April, but the annual producer inflation rate fell to 22.5%, marking a significant 35.2-point decrease since June 2024.

“The relatively lower trend in producer inflation is positively affecting consumer prices, easing pressure on households,” he added.

Commitment to Stability Amid Global Uncertainty

Yılmaz emphasized the government’s focus on maintaining macroeconomic stability, asserting that Türkiye’s relative performance would improve further through political stability, predictability, and tight coordination between institutions.

“Our goal is to ensure stable economic growth and permanently raise the standard of living for our people,” he concluded.