Turkey's Inflation Soars To Two-decade High Of Almost 49%

Turkey's annual inflation soared to a 20-year high of 48.7% in January, data showed on Thursday, fueled by President Recep Tayyip Erdogan's push for unorthodox interest rate cuts and a resulting crash in the currency late last year.

BING NEWS:
  • Turkey's cost of living soars nearly 70%
    hitting a two-decade high, official figures show. Transport, food prices and household furnishings recorded the sharpest rise in annual inflation, with transport costs more than doubling over the ...
    05/4/2022 - 1:01 pm | View Link
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