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Published 1 year ago

While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It's Closer to 200% – Economics Bitcoin News

Summary by Ground News
Turkey's inflation rate has topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high. Food prices in Turkey climbed 99% higher and housing and rent jumped by 85%. Turkey's central bank cut the region's benchmark bank rate by 150 basis points in October.

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