Turkey’s inflation accelerates to nearly 70% in April

A Turkish national flag, left, and a flag bearing the portrait of Kemal Ataturk, founder of the modern Turkish republic, hang from the exterior of a building in the Sisli district of Istanbul, Turkey, on Monday, Aug. 29, 2022.

Bloomberg | Bloomberg | Getty Images

Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

The highest consumer price increases year-on-year were in education, with a 103.86% jump, and hotels, cafes and restaurants, with an increase of 95.82%.

Source link