Annual inflation in Turkey hits 61.14%

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Yearly inflation in Turkey hit 61.14% in March, the country’s statistical authority said on Monday, climbing to a new 20-year high.

The figure was 54.4% in the previous month and 16.19% in March 2021, according to the Turkish Statistical Institute (TurkStat).

The highest annual price increase last month was seen in transportation with 99.12%, followed by food and nonalcoholic beverages at 70.33% and furnishing and household equipment at 69.26%.

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