Paid articlePaywallGold holds its decline after US inflation data points to rate hike
businesspost.ie/article/gold-holds-its-decline-after-us-inflation-data-points-to-rate-hike/
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Paid articlePaywall Gold holds its decline after US inflation data points to rate hike
businesspost.ie/article/gold-holds-its-decline-after-us-inflation-data-points-to-rate-hike/
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Paid articlePaywall Turkish inflation nears 80% as Erdoğan’s monetary policy takes toll: Disruption to food and energy imports caused by war in Ukraine adds to pressure on prices
ft.com/content/20f4ee66-8a1a-406a-85ff-9d755fdc9c9b
Key FactsTurkey Faces Record Inflation in Over Two Decades
Jul 4, 2022 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- Turkey's official inflation rate approached 80% in June, marking the highest level in 24 years.
- Opposition groups and economists argue that actual inflation is nearly double the official figure due to surging energy costs.
- The government implemented a second minimum wage increase in six months, benefiting around 40% of workers.
- Disputes over inflation data accuracy are expected to pose serious political challenges for President Erdoğan ahead of next year’s election.
We do not have an inflation problem. We have a cost of living problem.— President Recep Tayyip Erdoğan, describing the government's framing of inflation
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