ZCZC
BCN-21
TURKEY-ECONOMY-INFLATION
Turkey inflation surges to 15-year high in August
ANKARA, Sept 3, 2018 (BSS/AFP) – Inflation in Turkey rose again in August
to nearly 18 percent, official statistics showed on Monday, a record since
late 2003 and coming after the Turkish lira dramatically weakened against the
US dollar last month.
Consumer price rose 17.9 percent in August from the same month in the
previous year, up from 15.85 percent in July, according to the Turkish
statistics office, increasing pressure on the central bank to hike interest
rates.
BSS/AFP/HR/1330