People shop at the local market in Istanbul, Turkey, Dec. 13, 2021. (Reuters Photo)
https://www.dailysabah.com-Turkey’s annual inflation in December increased to its highest level since September 2002, official data showed Monday, as prices continued to climb, clouding consumer outlook.
Inflation accelerated to 36.08% last month, the highest reading since September 2002, up from 21.31% last month in November, the Turkish Statistical Institute (TurkStat) said.
Month-on-month, consumer prices rose 13.58%, the data showed.
The producer price index rose 19.08% from the previous month for an annual rise of 79.89%, reflecting the jump in import prices.