Istanbul March 3 2022: The annual inflation rate in Turkey accelerated for the 9th consecutive month to 54.44 percent in February of 2022, the highest rate since March of 2002 and above market forecasts of 52.95 percent.
It compares with a much lower rate of 15.61 percent a year earlier, as the lira remains weak.
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Transportation prices recorded the biggest increase (75.75 percent), followed by furnishings and household equipment (64.83 percent), food and non-alcoholic beverages (64.47 percent), miscellaneous goods and services (55.78 percent), hotels, cafes and restaurants (55.20 percent), and housing, water, electricity, gas and other fuels (49.72 percent). On a monthly basis, consumer prices rose 4.81 percent.
