Inflation in Turkey reaches seventy percent

IranGate
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Inflation in Turkey reaches seventy percent

Inflation in Turkey has reached seventy percent.

Inflation in Turkey has reached seventy percent, dampening hopes for a decrease in interest rates.

According to the latest data from the Turkish Statistical Institute, Turkey’s annual inflation in April increased to 69.8 percent.

The annual inflation rate related to consumer prices in the country reached close to 70 percent last month, slightly lower than expected.

This figure marks the highest inflation rate since November 2022, primarily due to a sharp increase in prices, especially for educational expenses, restaurants, and hotels.

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