Turkish Inflation Rises Again

Posted on 09/06/2023

Annual prices rose a to shocking 59% last month, says Turkey. Monthly inflation rose 9.1%. President Recep Tayyip Erdogan has been trying to control prices, but is failing currently. Finance Minister Mehmet Simsek warned “the fight against inflation will take some time. We are in a transition period. We will do whatever is necessary.” The central bank has already hiked rates to 25%.

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