According to the Statistical Institute, the April inflation rate has been announced as 5.92 % monthly and 95.60 % yearly.
Annual inflation reached its highest level after November 2022, which was announced as 114.35 %.
Accordingly, North Cyprus has reached its highest annual cost of living rate in the last 27 years.
148 % INCREASE IN MOBILE PHONE CHARGES
The products with the highest price increase has been announced as contact lenses with 244.66 and mobile phone call charges at 148.14 %.
The 21.26 % increase, officially determined in the period between January and April, will be reflected in public salaries according to the new law.
The minimum wage is expected to be increased at the same rate.
