Economy in Turkey: Gold bullion brings highest monthly real return in March 2023

Highest monthly real return in March was realized under bullion with rates of 3.32 percent when reduced by YI-PPI and 1.45 percent when reduced by CPI. According to TURKSTAT data, the highest monthly real return in March was realized under bullion with rates of 3.32 percent when reduced by YI-PPI and 1.45 percent when reduced by CPI.

The Turkish Statistical Institute (TURKSTAT) has announced the Return Rates of Financial Investment Instruments for March 2023.

Accordingly, the highest monthly real return was realized in gold bullion with rates of 3.32 percent when reduced by the domestic producer price index (YI-PPI) and 1.45 percent when reduced by the consumer price index (CPI).

When reduced by YI-PPI; the BIST 100 index of investment vehicles provided real returns to its investors at the rates of 3.27 percent, deposit interest (gross) at 1.04 percent, US Dollar at 0.38 percent and Euro at 0.30 percent, while Government Domestic Debt Securities (DIBS) lost 2.62 percent to its investors.

When reduced by CPI, the BIST 100 index provided a real return to its investors at a rate of 1.40 percent, while the deposit interest rate (gross) was 0.79 percent, the US dollar was 1.44 percent, the euro was 1.52 percent and the DIBS lost at a rate of 4.38 percent.