Learning tricks from Erdogan? When inflation spirals out of control my MAGA friends will call it a patriotic price increase so PI can buy their housing tracks like ARES, BX, APO and Invitation Homes.
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Turkey inflation hit 68.5% ahead of election blow to ruling party
By
Ezgi Erkoyun
April 3, 20242:00 AM PDTUpdated 24 days ago
Item 1 of 2 A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Turkey March 4, 2024. REUTERS/Murad Sezer
[1/2]A shopkeeper uses his mobile phone as he waits for customers at a popular middle-class shopping district in Istanbul, Turkey March 4, 2024. REUTERS/Murad Sezer
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ISTANBUL, April 3 (Reuters) - Turkey's annual inflation rate climbed to 68.5% in March, data showed on Wednesday, underscoring a major reason for the
massive losses sustained by President Tayyip Erdogan's party in nationwide local elections at the weekend.
Monthly inflation was 3.16%, the Turkish Statistical Institute said, easing from 4.53% and 6.7% in the previous two months as fallout from wage hikes and other administered price rises at the start of the year faded.
https://www.reuters.com/world/middl...-ahead-election-blow-ruling-party-2024-04-03/