@RT
23m·
️Inflation Blows Up in Turkey to Hit Century Peak
Turkey’s inflation rate hit a 23-year high last month, reaching its highest level since 1998.
The consumer price index continued to accelerate up by 3.5% in May, to a total of 73.5%.
President Recep Tayyip Erdogan’s attempts to use Turkey’s now-cheap lira to eliminate the trade deficit have previously been described as ‘experimental’ by some experts, and seem to be backfiring badly.
23m·
️Inflation Blows Up in Turkey to Hit Century Peak
Turkey’s inflation rate hit a 23-year high last month, reaching its highest level since 1998.
The consumer price index continued to accelerate up by 3.5% in May, to a total of 73.5%.
President Recep Tayyip Erdogan’s attempts to use Turkey’s now-cheap lira to eliminate the trade deficit have previously been described as ‘experimental’ by some experts, and seem to be backfiring badly.
