Inflation in Turkey in January accelerated to 48.69% from 36.08% in December last year, according to the country's Institute of Statistics.
Last year, annual inflation in Turkey accelerated to 36.08% amid fluctuations in the lira. The fall of the national currency intensified against the backdrop of several consecutive cuts in the discount rate of the Turkish Central Bank.
Turkish Treasury and Finance Minister Nureddin Nebati said that inflation will peak in April, but will be below 50%.
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