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Economics
Inflation & Prices

Prices Are Getting Out of Control in Turkey’s Most Populous City

  • Istanbul inflation at 107%, record in data going back to 1996
  • City shows true damage from Erdogan’s experimental policy
Crowds in the Eminonu district of Istanbul.

Crowds in the Eminonu district of Istanbul.

Photographer: Erhan Demirtas/Bloomberg

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Consumer prices in Istanbul more than doubled from a year ago, driven higher by Turkish President Recep Tayyip Erdogan’s experimental economic policies.