Inflation in Turkey accelerated to 48.7%

Posted 03 February, 2022

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%.

Previous story

04 February, 2022 09:48

← Amazon doubles its profits at the end of the year despite the lack of labor

Amazon beat investor expectations during the crucial holiday season, despite declining profitability due to rising labor costs and supply chain challenges.

Amazon doubles its profits at the end of the year despite the lack of labor

Next story

02 February, 2022 11:07

PayPal: stock market carnage! →

PayPal was down 18% after trading on Wall Street last night. For the fourth fiscal quarter, the group announced yesterday, after the close, adjusted earnings per share of $1.11, against $1.12 consensus and $1.08 a year earlier.

PayPal: stock market carnage!
Write a comment
 
Prove you’re not a bot + 19 = 24