Turkish inflation ends year at 64.8%, seen rising further – World

ISTANBUL: Turkiye’s annual inflation rate climbed to 64.77% in December, official data showed on Wednesday, sustaining an upward trend that is expected to continue in coming months after a big rise in the minimum wage.

Month-on-month, consumer price inflation (CPI) was 2.93%, according to the Turkish Statistical Institute, dipping from 3.28% in November. The measure has eased in recent…