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International Business Times

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AFP News

Turkey's Inflation Ticks Up To 62%

Inflation Turkey Liam Peach Recep Tayyip Erdoğan

Turkey's annual inflation rate is expected to peak above 70 percent next year (Credit: AFP)

Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes.

The rate moved to 61.98 percent last month from 61.36 percent in October, the TUIK state statistics agency said.

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