Turkey’s Year-On-Year Inflation Hits Record High of Nearly 65%, CPI Rises by 6.7% in January – Central Bank Reports
ISTANBUL, Turkey – Turkish inflation saw a significant increase in January, with the consumer price index rising by 6.7% from December, marking the biggest monthly jump since August. The Turkey Central Bank’s figures revealed a year-on-year inflation rate of nearly 65%, highlighting the country’s ongoing struggle with rising prices. The 85 million people of Turkey experienced a 64.86% annual increase in the consumer price index, slightly up from the 64.77% recorded in December. Sectors that …