Prices increase by 1.5 times over the year in Turkey

Prices increase by 1.5 times over the year in Turkey

According to the statistical institute of the republic (Turkstat) data, in Turkey consumer prices rose by 54.4% in February compared to this month of 2021.

This means inflation accelerated for the ninth consecutive month, hitting its highest since March 2002. In December it was 48.7%, Interfax reports.

The highest price rise was in transport services (75.8%), furniture and household appliances rose by 64.8%. Food and non-alcoholic drinks prices increased by 64.5%, while hotels, cafes and restaurants rose by 55.2%. Prices in housing and communal services increased by 49.7%.

Compared to January, consumer prices in February rose by 4.8%, while in January the increase was by 11.1%.

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