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“Turkey’s inflation climbs to 68.5% despite continued rate hikes”

“Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday.

The monthly rise in consumer prices came out at 3.16%, led by education, communication, and hotels, restaurants and cafes, which saw month-on-month rises of 13%, 5.6%, and 3.9%, respectively. On an annual basis, education again saw the highest cost inflation at 104% year on year, followed by hotels, restaurants and cafes at 95% and health at 80%…”

https://www.cnbc.com/2024/04/03/turkeys-inflation-climbs-to-68point5percent-despite-continued-rate-hikes-.html

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