Turkish CPI inflation hits nine-year peak in October, exceeds forecast

Turkish CPI inflation hits nine-year peak in October, exceeds forecast

Turkish annual inflation spiked to a 9-year high of 11.9 percent in October, official data showed on Friday, driven by a sharp increase in transportation and food prices and potentially putting more pressure on the central bank to tighten policy.

Inflation remains one of the most pressing problems for Turkey economy, which has recovered from the downturn that followed last year failed coup.

03 Nov 17 (Fri)

09:15 am



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