Turkey hit with soaring prices as inflation reaches 24-year high

Turkey hit with soaring prices as inflation reaches 24-year high - short news


Growth in annual prices jumped from 73.5% in May to 78.6% in June, but the real rate could be double the official figure

Turkey’s official inflation rate jumped to almost 80% last month – the highest in 24 years – as president Recep Tayyip Erdoğan’s unconventional economic policies continued to drive up the cost of living.

The growth in annual prices jumped from 73.5% in May to 78.6% in June, according to the Turkish statistics agency.

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source: The Guardian - 04.07.2022

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