A Turkish flag (left) and a flag bearing a portrait of Kemal Ataturk, founder of the modern Turkish Republic, are hung outside a building in the Sicilian district of Istanbul, Turkey, Monday, August 29, 2022.
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Türkiye’s Statistics Institute reported on Friday that Turkey’s inflation rate accelerated to an annual rate of 69.8% in April.
The highest consumer price increases compared with the same period last year were in education, which increased by 103.86%, and hotels, cafes and restaurants, which increased by 95.82%.
On a monthly basis, Turkish inflation rose by 3.18%, with growth driven by higher prices for alcoholic beverages and tobacco, as well as hotels, cafes and restaurants.
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