Turkish inflation out of control ...News

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Turkish inflation out of control
The 70% spike is attributed to rising energy prices Consumer prices in Turkey soared by 69.97% in April compared to the same month last year, according to official data released on Thursday. Inflation has soared amid rising energy prices against the backdrop of the Russia-Ukraine conflict and due to a lira crash late last year. The figure, released by the Turkish Statistical Institute, exceeded the central bank’s estimate of 68% and represents the steepest increase in two decades. Month-on-month, consumer prices rose 7.25%. Food prices have risen by 89% since last year, and transportation costs by 105.86%. Accordi

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