Skip to content

Turkish Inflation Climbs to Highest in 20 Years on Lira, Energy

Turkey’s inflation rate accelerated to a near 20-year high in January, driven by rising energy, food prices and a weak lira. 

Prices rose an annual 48.69% through last month, up from 36.08% in December. The median estimate in a Bloomberg survey of 19 analysts predicted an acceleration to 48%.