Turkey's inflation rate hits a new 20-year high of 54% - CNBC

The Turkish lira has lost roughly 47% of its value in the last full year, in a rout driven by Erdogan's refusal to raise interest rates.

Inflation in Turkey has increased to a fresh 20-year high, a higher than expected 54.44% for February, as the lira continues to suffer and energy prices climb. Prices of consumer goods rose 4.81% on… [+2169 chars]

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