Turkish inflation hits 19-year high

Turkish inflation hits 19-year high

ANKARA: Turkey’s annual inflation rate surged to its highest level since 2002 in December, official data showed yesterday, after a currency crisis sparked by President Recep Tayyip Erdogan’s unconventional economic policies. Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November, according to the Turkish […]

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ANKARA: Turkey’s annual inflation rate surged to its highest level since 2002 in December, official data showed yesterday, after a currency crisis sparked by President Recep Tayyip Erdogan’s unconventional economic policies. Consumer prices jumped to 36.1 percent last month from the same period in 2020, up from 21.3 percent in November, according to the Turkish […]