US EditionPublished • loading... • Updated
Turkey’s inflation climbs to 68.5% despite continued rate hikes
- Inflation in Turkey surged to 68.5% annually in March, despite efforts to curb it through interest rate hikes.
- The government implemented a series of interest rate hikes, with the most recent increase in late March raising the key rate from 45% to 50%.
- Rising global energy prices, the weakening Turkish lira, and COVID-19 fallout are among the factors contributing to the inflation surge.
Insights by Ground AI
26 Articles
26 Articles
The increase in the cost of living is considered one of the factors that contributed to the victory of the opposition in the local elections of recent days
·Milan, Italy
Read Full Article
This is the fifth month in a row of highs, hitting a record high of 68.5%.
·Brazil
Read Full Article
Turkey inflation hit 68.5% ahead of election blow to ruling party
Turkey's annual inflation rate climbed to 68.5% in March, data showed on Wednesday, underscoring a major reason for the massive losses sustained by President Tayyip Erdogan's party in nationwide local elections at the weekend.
·United Kingdom
Read Full Article
Prices in Turkey are rising rapidly for the fifth month in a row. Inflation is now almost 70 percent. And there is no end in sight to the wave of inflation.
·Frankfurt, Germany
Read Full Article
Coverage Details
Total News Sources26
Leaning Left4Leaning Right5Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 21%
C 53%
R 26%
Factuality
To view factuality data please Upgrade to Premium
