Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease.

KEY POINTS

  • Consumer prices rose 75.45% in May on an annual basis and 3.37% on a monthly basis, according to the Turkish Statistical Institute, a government agency.
  • The sectors seeing the steepest annual consumer price rises were education at 104.8%, housing at 93.2%, and hotels, cafes and restaurants at 92.9%.
  • Economists had previously forecast that inflation in the country of 85 million would peak around 75% before beginning to ease.
  • Obinice@lemmy.worldEnglish
    15·
    22 days ago

    Aye, he’s an utter twat, is what he is.

    Said his economic policies were from his god or some nonsense too, going against all of his policy advisors (who he came down hard on).

    A nutjob deeply damaging the country he’s in charge of, economically, and in so many other dangerous fascist ways too :-(