Erdogan expects inflation in Turkey to slow down after May

Ankara [Turkey], April 30 (ANI/Sputnik): The situation with inflation in Turkey will begin to "regress" after May and the first positive developments in the country's economy will be observed in late 2022, given the steps and precautions taken by the government, Turkish President Tayyip Erdogan said on Saturday.

On Thursday, the Turkish Central Bank raised its inflation forecast for late 2022 from 23.2 pc to 42.8 percent.