Published 4 months ago

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.

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Reuters

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.

4 months ago·United Kingdom

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Globo

Inflation in Turkey is going up in March, and it will peak in November of 2022.

This is the fifth month in a row of highs, hitting a record high of 68.5%.

4 months ago·Brazil

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CNBC

Turkey's inflation climbs to 68.5% despite continued rate hikes

Turkey's annual inflation rose to 68.5% for the month of March, an increase on February's 67.1% inflation read, according to the Turkish Statistical Institute's report released Wednesday.

4 months ago·United States

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RTÉ

Turkish inflation moves up in March to 68.5%

Turkish annual consumer price inflation climbed to 68.5% in March, official data showed today, below expectations, amid strong rises in restaurant, education and health sector prices.

4 months ago·Ireland

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Benzinga

Turkey's Inflation Hits 68.5% Despite Rate Hikes, Highest In 20 Years

The inflation rate in Turkey has surged to 68.5% annually, marking a 1.4% increase from February, despite the government's efforts to curb inflation through interest rate hikes.

4 months ago·New York, United States

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