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Turkey's Inflation Rate Soars To 70%
BBC: Turkey's cost of living soars nearly 70%
Consumer prices in Turkey soared nearly 70% in April from a year ago, hitting a two-decade high, official figures show.
Transport, food prices and household furnishings recorded the sharpest rise in annual inflation, with transport costs more than doubling over the year.
Countries around the world are dealing with a growing cost of living crisis.
But Turkey's problems have been made worse by its president's reluctance to raise interest rates - a commonly used tool to help cool inflation.
The cost of food and non-alcoholic drinks saw an annual increase of 89.1%, while furnishings and household equipment were up 77.64%.
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Turkey's Inflation Rate Soars To 70%
Turkey's inflation hits two-decade high of 70% -- CNN/Reuters
Turkey Inflation Rate of 70% Highest Among G-20 Nations -- Bloomberg
Turkey’s inflation rate soars to almost 70 percent -- Al Jazeera
Turkey's inflation soars to 70 per cent, hitting a two-decade high -- ABC News Australia
It Could Be Worse... You Could Be Living In Turkey -- Zero Hedge
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