The opposition, however, citing data from independent institutes, says the real inflation rate is 142.63%.
As announced by TUIK, inflation rose by 5.46% in March to 61.14% year-on-year.
The highest increases were in transport at 99.12%, food and alcoholic beverages at 70.33% and household goods at 69.26%.
Republican People's Party (CHP) MP Ali Mahir Basharir reacting to the official figures said via his Twitter account: "Apparently the Turkish Statistical Institute made the account again to the Palace. The account is clear in the bazaar, in the market. Let the Turkish Statistical Institute continue to sell illusions."
CHP Vice President Veli Agbaba also says on social media, "Let's be honest, what we are experiencing today is hyperinflation. It will be announced to the Grand Economist and Nebadi (Finance Minister)." Also opposition MP Erem Erdem Erdem says: "You will definitely pay for this. This is hatred against the people."
Source: CNA
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