Terrible inflation in Turkey – already approaching 70 percent

Annual in Turkey in April inflation Approximately 70 percent. This is the rise in global energy prices, the weakening of the lira, food, transport and other important needs occurred against the background of rising prices.

To the data published by the official statistics agency according tothe consumer index rose 69.97 percent last month.

Food and Prices for non-alcoholic beverages increased by 89 percent compared to a year ago, and transport prices rose by 106 percent.

These figures are in Turkey 20The highest since the beginning of 02 inflation is the limit. Opposition parties say they do not yet reflect the real scale of the problem.

Price President Recep Tayyip Erdogan and judge intensifies dissatisfaction with the party. But Erdogan has a high interest rate snowit turns out. Central bank At the end of last year, it reduced interest rates several times.

This caused the Turkish lira to depreciate by up to 40 percent compared to a year ago.