Here are the inflation rates that may help with calculations: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data/Consumer+Prices

oliverweiss

Yeah. The way the CNBC article was written was confusing. 

That must be what they meant. Generally, when governments publish inflation stats for a month they always annualize the number. 

SwapMarket

Each month to month increase has to be different, obviously. You are not simply multiplying or dividing by twelve. In other words, prices rose 3.37% from April to May. There is no correlation between the numbers.

econ

Turkey's inflation passes 75% in what economists believe is peak

siggy47

Each month to month increase has to be different, obviously. You are not simply multiplying or dividing by twelve. In other words, prices rose 3.37% from April to May. There is no correlation between the numbers. 