Turkey’s inflation jumped to 24-year high of 79.6 percent in July | Inflation News

Turkey’s inflation jumped to 24-year high of 79.6 percent in July |  Inflation News

Turkey’s inflation has been fueled by the lira’s continued decline as well as the economic consequences of Russia’s invasion of Ukraine. Turkish inflation rose to a fresh 24-year high of 79.6 percent in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price … Read more

Turkey’s inflation rate soars to almost 70 percent | Business and Economy News

Turkey’s inflation rate soars to almost 70 percent |  Business and Economy News

The consumer price index has risen by 69.97 percent year-on-year in April compared with 61.14 percent in March. Turkey’s official inflation rate has spiralled to nearly 70 percent in April, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil. The consumer price index rose … Read more