Turkish inflation reaches new heights

» Updated: July 16 2024

» Published: June 03 2024

Turkish inflation reaches new heights
Photo: Henrik Montgomery/TT

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Turkey's fight against inflation is going nowhere. In May, inflation rose, price changes on an annual basis to a whole 75 percent, according to official statistics.

In April, the inflation rate was 70 percent.

Turkey's central bank has tried to dampen price increases with rising interest rates.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers
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