By the end of the last quarter of 2021, Turkey’s consumer inflation rate was already over 20%. inflation cpi
The latest data from the Turkish Statistical Institute shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%.Rising commodity prices and increased transport costs are some of the key contributing factors behind the surge in Turkey’s inflation rate to 70%, the latest data has shown. On a month-to-month basis, however, April prices are only 7.25% higher, data from the Turkish Statistical Institute shows.
In fact, according to a Bitcoin.com NewsDriving Turkey’s consumer price index in the month of April, according to the data, were transportation costs, which more than doubled from what they were 12 months ago. Food and non-alcoholic beverages are one of three groups of goods whose realized annual change is higher than 70%. Prices in the furnishings and household equipment main group were up by 77.64%.
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