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flag Turkey's inflation rose to 33.29% in September, driven by higher food, housing, and education costs, despite rate cuts.

flag Turkey's annual inflation rose to 33.29% in September, the first increase in over a year, surpassing expectations and driven by sharp hikes in food, housing, and education prices. flag Monthly inflation reached 3.23%, up from 2.04% in August, with the producer price index rising 2.52% monthly and 26.59% annually. flag The central bank, which recently cut rates to 40.5%, faces growing pressure as inflation remains stubbornly high, though officials attribute the surge to temporary factors like drought and school-related costs. flag The lira hit a record low of 41.685 to the dollar, and bank stocks declined.

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