Economics

Turkish Inflation Climbs to Fresh 20-Year High on Lira, Energy

Turkish consumer prices rose an annual 54.4% through February.
Photographer: Moe Zoyari/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Baris Balci

March 3, 2022 at 7:06 AM UTC

This article is for subscribers only.

Turkey’s inflation jumped to a fresh 20-year high in February, driven by a weak lira and a surge in energy and food prices.

Consumer prices rose an annual 54.4% through last month, up from 48.7% in January. The median estimate in a Bloomberg survey of 22 analysts predicted an acceleration to 52.5%.