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Turkey’s inflation jumps to 85.51 percent in October

Turkish inflation surged past 85 percent in October, its highest level since 1997, official data showed Thursday, as President Recep Tayyip Erdoğan sticks to...

Turkey’s inflation rate hits fresh 24-year high exceeding 83 percent

Turkish inflation jumped to a new 24-year high exceeding 83 percent in September as President Recep Tayyip Erdoğan presses for more interest rate cuts...

Minister claims Turkey’s inflation on a downward trajectory amid record level

Although Turkey’s inflation climbed to its highest level since 1998 according to official data, hitting an annual 73.5 percent in May, Finance Minister Nureddin...

Erdoğan spent a record $35 million from discretionary funds in November

Turkish President Recep Tayyip Erdoğan used a total of TL 279 million ($35 million) of discretionary funds allocated for his use in November, a...

Turkey sees highest inflation in more than a year at 14 percent

Turkey's annual inflation jumped more than expected to 14.03 percent in November, its highest since August 2019 on the back of the Turkish lira's...

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