Turkish inflation reaches new heights

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Turkish inflation reaches new heights
Photo: Henrik Montgomery/TT

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 our readers

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