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The Independent UK
The Independent UK
National
Via AP news wire

Yearly inflation in Turkey rises to new 24-year high of 85%

Inflation Turkey Recep Tayyip Erdoğan

Annual inflation in Turkey continued to rise in October, official figures showed Thursday, pushing the price of essential goods higher and amplifying a cost-of-living crisis in the country.

Consumer prices rose to 85.51% in October from a year earlier, and by 3.54% from the previous month, the Turkish Statistical Institute said.

The inflation rate was the highest in 24 years.

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