Turkish inflation hits almost 80%, peak might be near

Summary by Ground News

Consumer prices rose 2.37 percent in July, below a Reuters news agency poll forecast of 2.9 percent. Annually, consumer price inflation was forecast to be 80.5 percent. Annual inflation is now at the highest level since September 1998, when it reached 80.4 percent. The biggest annual rise in consumer prices was in the transportation sector.

2 months ago

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Reuters

Turkish inflation hits almost 80%, peak might be near

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira's continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts.

2 months ago·United Kingdom

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CTV News

Inflation in Turkey rises to nearly 80 per cent, hitting consumers

Annual inflation in Turkey soared to nearly 80 per cent in July, official data showed Wednesday, with skyrocketing food, housing and energy prices hitting consumers hard.

2 months ago·Toronto, Canada

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abc News

Inflation in Turkey rises to nearly 80%, hitting consumers

Annual inflation in Turkey soared to nearly 80% in July

2 months ago·United States

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Associated Press News

Inflation in Turkey rises to nearly 80%, hitting consumers

Annual inflation in Turkey soared to nearly 80% in July. The Turkish Statistical Institute said Wednesday that consumer prices rose by 79.6% from a year earlier, up about 1 percentage

2 months ago·United States

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KRDO

Inflation in Turkey rises to nearly 80%, hitting consumers

ISTANBUL (AP) — Annual inflation in Turkey soared to nearly 80% in July. The Turkish Statistical Institute said Wednesday that consumer prices rose by 79.6% from a year earlier, up about 1 percentage point from June data. Skyrocketing food, housing and energy prices have hit Turkish consumers hard. Independent experts say inflation is much higher than official statistics. Economists also say the huge rise in inflation is caused by President Rece…

2 months ago

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