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Triple-Digit Factory Inflation Stirs Up Storm for Turkish Prices

  • Consumer inflation reaches 70%, staying at highest since 2002
  • Prices fueled by low interest rates, weak lira, food, energy
A vendor serves a customer at a fresh produce stall at a local market in Bursa, Turkey.

A vendor serves a customer at a fresh produce stall at a local market in Bursa, Turkey.

Photographer: Moe Zoyari/Bloomberg
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Turkey’s factory-gate inflation accelerated to an annual 122% in April amid a global rally in commodities, likely pushing companies to pass on higher costs and signaling that the worst is yet to come for consumers.