- Turkish inflation rose year-on-year in October to a new 25-year high of 85.5%.
- Its acceleration for the 17th consecutive month was reinforced by the weakness of the local currency (the Turkish lira) and the negative effects of the Russian military invasion of Ukraine, which are expressed in a continued strong increase in commodity prices, reflected in a doubling of transport prices and of food compared to a year earlier.
- The rise in consumer prices has also been encouraged by regular cuts in the key interest rate.
Bulgaria: Inflation in Turkey hit a new 25-year High of over 85% in October
