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Turkish inflation accelerates to highest level since 2018 on lira woes

Monthly inflation was 3.51 per cent, compared with the median estimate of 3 per cent in a separate survey

Topics
Turkey | currency market | Turkish lira

Bloomberg 

turkish lira
File Photo: A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul (Photo: Reuters)

Turkish inflation accelerated for a sixth month in November to the highest level in three years, driven by a slump in the lira that continues to cloud consumer price outlook. Annual inflation climbed to 21.31 per cent through last month, up from 19.89 per cent in October.
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Monthly inflation was 3.51 per cent, compared with the median estimate of 3 per cent in a separate survey. The lira fell as much as 1.4% after the release, nearing a record low of 13.9519 per US dollar seen earlier this week.
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First Published: Sat, December 04 2021. 00:28 IST
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