INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Turkey sees April inflation hit 69.97%, near 20-year high

Turkish government has announced a 34 percent increase in the monthly minimum wage, effective from July 1.
  • The inflation rate rose from 61.1 percent in March
  • On a monthly basis, prices rose by 7.25 percent

Turkey’s consumer price inflation accelerated to an annual 69.97 percent in April, local reports have said.

The number continued to rise to a two-decade high, according to statistics from the Turkish Statistical Institute.

The inflation rate increased from 61.1 percent in March, the institute said.

On a monthly basis, prices rose by 7.25 percent, said the institute.

Turkey is experiencing the highest inflation among major emerging markets and industrialized G20 economies.

Inflation is now just a few percentage points off a peak of 73.2 percent, which was reached following a financial crisis in the early 2000s.