Turkish inflation falls to 71.6 percent in June: official data

Istanbul, Turkey — Turkey’s annual inflation rate fell to 71.6 percent in June, official data showed Wednesday. Consumer prices began slowing after reaching a peak of 75.45 percent in May. Turkey has been battling a cost-of-living crisis that prompted President Recep Tayyip Erdogan to drop his opposition to interest-rate hikes to combat inflation. READ: Turkish
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