Turkish inflation quickens to highest level in 2023 

Turkey’s consumer inflation accelerated to its highest level this year as household energy use exceeded state support for natural gas consumption.

Prices rose an annual 62% through November. Monthly inflation was 3.28%, Turkey’s state statistics bureau said, with housing including gas bills the leading contributor.

The core gauge, which excludes volatile items such as food and energy, ticked up to 69.9% from a year earlier, compared with 69.8% in October.

The cost of food and non-alcoholic beverages slowed to an annual 67.2% in November, from 72% in the previous month. Services inflation accelerated to 89.7% from 88.7% during the same period. Producer prices accelerated to 42.3%, from 39.4%