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Turkish inflation jumped to 75.45% in May: official data

By Inquirer - 6 months ago
ISTANBUL — Turkey’s annual inflation rate accelerated to 75.45 percent in May, official data showed Monday, as the central bank expects consumer prices have finally reached their peak and will begin to slow next month. Turkey has been battling a cost-of-living crisis that prompted President Recep Tayyip Erdogan to drop his opposition to interest-rate hikes

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