Data showed today, Friday, that the annual inflation rate in Turkey jumped to its highest level in 24 years, recording 73.5% in May, a level lower than expectations, but it is driven by the repercussions of the war, the rise in commodity prices and the lira that has been declining since a crisis in December.
\nThe Turkish Statistical Institute said consumer prices rose 2.98% on a monthly basis, compared to expectations in a Reuters poll for a 4.8% increase.
\nOn an annual basis, consumer price inflation was expected to be 76.55%.
\nThe domestic producer price index rose 8.76% month-on-month in May, an annual increase of 132.16%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Data showed today, Friday, that the annual inflation rate in Turkey jumped to its highest level in 24 years, recording 73.5% in May, a level lower than expectations, but it is driven by the repercussions of the war, the rise in commodity prices and the lira that has been declining since a crisis in December. …<\/p>\n","protected":false},"author":1,"featured_media":865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-864","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/posts\/864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/economistme.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=864"}],"version-history":[{"count":1,"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/posts\/864\/revisions"}],"predecessor-version":[{"id":866,"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/posts\/864\/revisions\/866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economistme.com\/index.php?rest_route=\/wp\/v2\/media\/865"}],"wp:attachment":[{"href":"https:\/\/economistme.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economistme.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economistme.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}