In May, Turkey's inflation rate reached 75.5%, its highest since late 2022, with housing, education, and hospitality sectors seeing the steepest price increases.
Turkey's inflation rate hit 75.5% in May, marking its highest level since late 2022, according to data from the Turkish Statistical Institute. The sectors with the steepest price increases were housing, education, and hotels, cafes, and restaurants. Economists predict that this will be the peak of inflation before it starts to decline, potentially paving the way for interest rates to decrease.
June 02, 2024
16 Articles