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Turkish Inflation Quickens Less Than Expected to 78.62%

Pedestrians in a shopping zone in the Kizilay district of Ankara.

Pedestrians in a shopping zone in the Kizilay district of Ankara.

Photographer: SeongJoon Cho/Bloomberg

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Turkey’s inflation accelerated less than predicted by economists, as global shocks in food and energy markets compounded domestic pressures from currency depreciation and low interest rates.