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

Yearly Inflation in Türkiye Rises to New 24-year High of 85%

Locals and foreign tourists shop at the Grand Bazaar in Istanbul, Turkey, October 21, 2021. REUTERS/Dilara Senkaya/File Photo

Annual inflation in Türkiye 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.

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