Annual inflation exceeds 50% in February

Turkey saw a 54.4% annual hike in consumer prices in February, according to the Turkish Statistical Institute (TurkStat).

The figure was 46.89% in the previous month.

The monthly inflation rate was 4.81% in February.

TurkStat said the Domestic Producer Price Index (D-PPI) skyrocketed to 105.01% in February on an annual basis.

The D-PPI rose by 7.22% in February month over month.