Turkish inflation has reached its highest level since Recep Tayyip Erdogan came to power almost two decades ago as the president’s contentious economic management sparks a surge in prices.
The country’s consumer price index rose 36 per cent year on year in December, according to data released by Turkey’s statistical agency on Monday.
It marks the highest level of consumer price rises since September 2002, when Turkey was reeling from a financial crisis that paved the way for a landslide election victory for Erdogan’s Justice and Development party (AKP) in November that same year.
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