Prices in Turkey rise at fastest pace for 24 years
The country’s inflation rate hits 78%, as prices continue to spiral further upwards due to the Ukraine war. …
Despite reaching a 24-year high in June, economists had expected the inflation rate to rise even further. This is the second month in a row official data has missed forecasts, and that is continuing to stoke concern about the reliability of official data from Turkey’s statistics agency. Helping to fan those flames: ahead of the release of May’s inflation data, the head of the price statistics department resigned citing health reasons.
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