ISTANBUL: Turkey’s inflation has soared to a new record, official data showed on Monday, as analysts see an impact from Russia’s invasion of Ukraine and President Recep Tayyip Erdogan’s unorthodox interest rate policy. Exacerbating a cost of living crisis, consumer prices accelerated to 61.14 per cent at an annual rate, up from 54.4 per cent … Read more
ANKARA: Turkey’s annual inflation rate surged to its highest level since 2002 in December, official data showed on Monday, after a currency crisis sparked by President Recep Tayyip Erdogan’s unconventional economic policies. Consumer prices jumped to 36.1 per cent last month from the same period in 2020, up from 21.3 per cent in November, according to … Read more
ANKARA: Turkey’s annual inflation rate jumped over 20 per cent in November, official data showed on Friday, after a currency crisis last month in which the Turkish lira hit record lows against the dollar. Consumer prices climbed to 21.31 per cent from the same period in November last year, up from 19.89 per cent in October, … Read more
