Data puts Turkey’s annual inflation at 78.6%, a 24-year high

Data puts Turkey's annual inflation at 78.6 per cent, a 24-year high

The Turkish leader insists that high borrowing costs cause inflation - a position that contradicts established economic thinking - and advocats lowering interest rates to boost growth and exports.

Turkey’s Inflation Soars to 79%

Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of a century, CNBC reports.

Turkey's inflation hits two-decade high of 78.6 pct - People's Daily Online

ANKARA, July 4 (Xinhua) -- Turkey's annual inflation surged to 78.62 percent in June, the highest

Turkey's inflation soars to nearly 80 per cent as food prices double

Turkey's annual rate of inflation hit almost 80 per cent in June - its highest level in about two decades.Consumer prices increased by 78.6 per cent last month compared to June 2021, driven by the soaring cost of food and drink and transportation.Food prices have almost doubled in a year, while the cost of transport was up 123 per cent, according to data from the Turkish Statistical Institute.READ MORE:More Aussies are choosing to live off-the-g…

Turkey’s runaway inflation soars to near 79%

The Turkish government’s continued failure to stabilize the battered lira raises the prospect of inflation topping 100% in the fall.

Turkey's inflation hits two-decade high of 78.6 pct

ANKARA, July 4 (Xinhua) -- Turkey's annual inflation surged to 78.62 percent in June, the highest since 1998, the Turkish Statistical Institute announced on Monday. Read full story