Turkey’s Inflation Soars to 73%

“Turkey’s inflation for the month of May rose by an eye-watering 73.5% year on year, its highest in 23 years, as the country grapples with soaring food and energy costs and President Recep Tayyip Erdogan’s long-running unorthodox strategy on monetary policy,” CNBC reports.

“Food prices in the country of 84 million rose 91.6% year on year.”