Turkish inflation climbs to 61.53 percent for the first time this year as higher energy costs complicate efforts to contain domestic demand with jumbo interest-rate hikes, Ednews reports citing Alarabiya News.
The pace of annual price gains accelerated to nearly 62 percent last month from almost 59 percent in August, according to the median forecast in a Bloomberg poll of economists. Türkiye's statistics office is due to release the data on Tuesday.
Istanbul city’s annual retail inflation reached 73 percent in September, down from 74 percent in August, according to data published by the Istanbul Chamber of Commerce on Sunday.
