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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Turkey’s Inflation Hits 61% Climbing to New 20-Year High

Turkey Turkish Statistical Institute United States
A man carries his shopping bags at a street market in Istanbul, Turkey, January 4, 2022. (Reuters)

Yearly inflation in Turkey hit 61.14% on Monday, climbing to a new 20-year high and deepening a cost of living crisis for many households.

The Turkish Statistical Institute said consumer prices rose by 5.46% in March compared with the previous month. Yearly inflation was up from 54.44% in February.

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