Breaking Records: Turkish Inflation Skyrockets to 75.45% in May!
Turkey's official statistics reveal that annual inflation surged to 75.45% in May 2024, marking the highest level since November 2022 and surpassing market forecasts of a 74.8% increase, up from 69.8% the previous month.
Monthly consumer prices rose by 3.37% in May compared to March, slightly higher than the 3.31% increase recorded in the previous month.
The substantial rise in May's inflation is attributed