Category: turkey inflation

Turkey’s Annual Inflation Hits Two-Decade High of 85 Percent

November 3, 2022
Business & Marketseconomic policieseconomyEuropehigh inflationinflationlow interest ratesPresident Tayyip Erdoganturkey inflationturkish liraWorld
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Turkey’s annual inflation has hit its highest level in 24 years, worsening the cost-of-living crisis facing the country, even as political opposition parties claim that real numbers are worse than official figures. The 12-month Consumer Price Index (CPI), which measures inflation on an annual basis, hit 85.51 percent in October, according to a press release from…

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Turkey Inflation Hits Highest in 24 Years, CPI Increases Almost 80 Percent Annually

July 4, 2022
Business & MarketseconomyEuropehigh inflationinflationMiddle EastPresident Tayyip Erdoganturkey inflationWorld
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Inflation in Turkey has hit multi-decade highs as policies implemented by President Tayyip Erdogan continue to take a toll on the country’s economy. The Consumer Price Index (CPI), a measure of inflation, rose by 78.62 percent annually and 4.95 percent monthly in June, according to a July 4 press release by the Turkish Statistical Institute….

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