Costs within the nation rose by nearly 70 p.c in April, in keeping with new official statistics. The brand new determine provides Turkey the doubtful honor of getting the sixth highest inflation fee on this planet. It comes as President Recep Tayyip Erdogan continues to insist rates of interest be reduce to stem inflation, the alternative of what typical economists advocate. The rising costs are placing additional stress on Turks, who’re struggling to make ends meet. We requested some individuals on the streets of Istanbul how inflation is impacting their lives.
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