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Turkey's inflation climbs to 68.5% despite continued rate hikes - TL;DR CNBC

Turkey's inflation climbs to 68.5% despite continued rate hikes

Publishing timestamp: 2024-04-03 09:14:46


Summary

Turkey's annual inflation rose to 68.5% in March, led by increases in education, communication, and hotels, restaurants, and cafes. The government has been making efforts to tackle inflation with interest rate hikes, but further tightening may be necessary. The recent local elections saw the opposition party making significant gains, adding to political uncertainty.


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Keywords: priceseconomic eventsturkeyeconomylabor economyus dollar/turkish lira fx spot rateemerging marketscentral bankinginflationbreaking news: economygovernment and politicsbusiness newsworld economyinterest rates

Source: https://www.cnbc.com/2024/04/03/turkeys-inflation-climbs-to-68point5percent-despite-continued-rate-hikes-.html


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