Inflation & Prices

Turkey’s Inflation Ends Year Near 65% With Peak Months Away

Faster annual inflation is in line with central bank’s outlook
Prices are sharply on the rise in hotels and restaurants

Diners at a terrace outside a port-side cafe in Istanbul.Photographer: Erhan Demirtas/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Beril Akman

January 3, 2024 at 7:23 AM UTC

Updated on

January 3, 2024 at 8:36 AM UTC

This article is for subscribers only.

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.

Turkish inflation came just short of a forecast laid out by the central bank, ending the year with an upswing that keeps it on track to accelerate past 70% by May as new risks emerge.