Turkish inflation tops 85% driven by surge in food prices, energy costs

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Recep Tayyip Erdogan’s two decades in power. 
 

Consumer prices rose an annual 85.5% through last month, official data on Thursday showed, slightly lower than the median forecast in a Bloomberg survey. Monthly inflation was 3.54%, also slightly less than the estimate in a separate poll.

Economists think prices will cool down in the remaining months of the year because of what is known as the base effect. This references the sharp