Inflation in Turkey rose to an annual rate of 78.6% in June, the highest in 24 years, according to official data released on Monday. President Recep Tayyip Erdogan’s policies continued to cause damage to the economy.
The inflation rate reported by Turkey was the highest since 1998. The emerging market suffered a currency crisis during the global financial crisis. Inflation was at 73% in May and 15% at the beginning of last year.
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