Turkish prices rose at their fastest rate in 20 years as a currency devaluation fed inflation, with food and energy driving the surge, official data showed.
The consumer price index rose 54.4 per cent year on year in February, the Turkish Statistical Institute said on Thursday, outpacing a forecast of 52.5 per cent in a poll by Bloomberg.
Food prices climbed 64.5 per cent and transportation jumped 75.8 per cent last month, pushing the index to its highest rate since March 2002. The release weighed on the lira, down 0.8 per cent on Thursday to about TL14 against the dollar.
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