Turkey Inflation Surges to 15-Year High in August

W460

Inflation in Turkey rose again in August to nearly 18 percent, official statistics showed on Monday, a record since late 2003 and coming after the Turkish lira dramatically weakened against the US dollar last month. 

Consumer price rose 17.9 percent in August from the same month in the previous year, up from 15.85 percent in July, according to the Turkish statistics office, increasing pressure on the central bank to hike interest rates.

Comments 2
Missing arturo 03 September 2018, 20:25

Erdogan needs to blame this on the US and charge anyone who disagrees with treason.

Thumb whyaskwhy 03 September 2018, 21:57

Iran will bail him out like they bailed The Palestinians, Yeminis and Lebanon's ailing economy