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Inflation in Turkey leaps to 70% yoy at the end of April

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Data from the Turkish Statistical Institute released today, Thursday, showed that the country’s annual inflation rate rose to 70% at the end of last April.

Annual inflation in Turkey reached 61.14% in March, slightly below expectations, according to official data, but reached its highest level in two decades, as the Russian-Ukrainian conflict fueled the rise in commodity prices. prime after the collapse of the lira at the end of last year.

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