.
.
.
.

Turkey’s annual inflation shoots up to 24-year high of 78.6 pct

Published: Updated:

Turkey’s annual inflation rate jumped to a 24-year high of 78.62 percent in June, data showed on Monday, just above forecast, driven by the Ukraine war impact, rising commodity prices and a lira slide since a December crisis.

Month-on-month, consumer prices rose 4.95 percent, the Turkish Statistical Institute said, compared to a Reuters poll forecast of 5.38 percent. Annually, consumer price inflation was forecast to be 78.35 percent.

For the latest headlines, follow our Google News channel online or via the app.

The domestic producer price index climbed 6.77 percent month-on-month in June for an annual rise of 138.31 percent.

Read more: Turkish central bank further boosts use of lira assets as collateral, bankers say

Top Content Trending