Consumer prices rose by 73.5% year-on-year in May The Turkish government hopes to slow down the country’s staggering inflation rate and bring it to just under 50% by year end, the Milliyet newspaper reported on Monday. One of the government’s “most important goals” is to ensure “a permanent decrease of inflation rates,” the publication quoted Minister of Treasury and Finance Nureddin Nebati as saying. Nebati added that Ankara’s aim was for inflation to drop to 48-49% by the end of this year. Last month, inflation in Turkey rose by 73.5% year on year, according to data from the country’s statistics agency. Food pri
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