Inflation in Turkey hits 70% in April

Inflation in Turkey hits 70% in April

Inflation in Turkey has hit nearly 70% in April amid skyrocketing prices.

Critics blame surging prices on President Recep Tayyip Erdogan's economic policies, which have seen interest rates lowered to boost growth and exports.

In contrast to most economists, the Turkish leader has opposed higher borrowing costs because he says they cause inflation.