Turkey’s double digit inflation will go back to single digits

By: Middle East Affairs

Turkish President Tayyip Erdogan was quoted as saying by Hurriyet newspaper. He said: “Turkey’s double digit inflation, which hit close to 18 percent last month, will go back to single digits and Turkey will get through this period.”

It should be noted that inflation hopped 17.9 percent year-on-year in August because of rising vitality and nourishment costs, official information appeared, denoting its largest amount since late 2003. Turkey’s national bank said it take action against risks to price stability.

 

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