Turkey – Turkey’s inflation hits two-year high with jump to 17.5 percent (Al Jazeera)

July 5, 2021

Turkish annual inflation has jumped to a two-year high of 17.53 percent in June, exceeding a forecast of 17 percent and continuing an extended rise after a brief dip, potentially delaying any interest rate cuts to later in the year.

The month-on-month consumer price reading on Monday was also higher than expected, up 1.94 percent according to the Turkish Statistical Institute, compared with a poll by the Reuters news agency that forecast 1.50 percent.

Turkey’s inflation hits two-year high with jump to 17.5 percent | Business and Economy News | Al Jazeera

People wearing protective masks shop at a local market in Ankara [File: Adem Altan/AFP]

People wearing protective masks shop at a local market in Ankara [File: Adem Altan/AFP]

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

Turkey – Turkey’s inflation hits two-year high with jump to 17.5 percent (Al Jazeera)

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