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

Turkey to See Inflation Rate Peaking at About 40% in 2022, Says Finance Minister

Turkish lira banknotes are seen in this picture illustration in Istanbul, Turkey August 14, 2018. REUTERS/Murad Sezer/Illustration

TFinance Minister Nureddin Nebati told economists he expects the inflation rate to peak at about 40 percent in the months ahead and not to surpass 50 percent this year, according to people who attended.

According to Bloomberg, Nebati provided his most detailed outlook yet for consumer prices in 2022 during a meeting with 60 economists and analysts on Saturday in Istanbul.

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