2023-10-04 08:28:14
Official data revealed, on Tuesday, that annual consumer price inflation in Turkey rose to 61.53% in September, which is slightly lower than expected and high for the third month in a row as a result of the increase in taxes and the recent decline in the price of the lira.
Sharjah 24 – Archyde.com:
Official data showed on Tuesday that annual consumer price inflation in Turkey rose to 61.53% in September, which is slightly lower than expected and high for the third month in a row as a result of the increase in taxes and the recent decline in the price of the lira.
The consumer price inflation rate recorded 4.75% on a monthly basis.
According to an approved survey, annual inflation was expected to reach 61.7%.
Inflation jumped to more than 85% last year, following a sharp cycle of interest rate cuts led to a historic currency collapse in late 2021, but following winning the May elections, President Recep Tayyip Erdogan shifted direction and appointed a new economic team to adopt more traditional policies. .
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