Inflation hits 19-year high

The annual inflation rate jumped to 36.08%, while consumer prices climbed by 19.08% in December, according to the Turkish Statistical Institute (TurkStat).

Thus, the annual inflation hit a 19-year high last month.  

The domestic producer price index (D-PPI) increased month over month by 19.08% to 79.89% on an annual basis in December, Turkstat said.

The difference between the Consumer Price Index (CPI) and the D-PPI broke another record at 43.8 points in December.

The core inflation, meanwhile, reached 31.9% last month.

The inflation saw 23.25% in July-December 2021.

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