Turkey Keeps Some Tax Hikes Modest to Support Disinflation Drive

Turkey raised fixed excise taxes on fuel, tobacco and alcoholic beverages, setting increases below producer inflation as ...
U.S. News & World Report

Turkey Inflation Dips More Than Expected to Near 35% in May

ISTANBUL (Reuters) -Turkish annual inflation dipped a bit more than expected to 35.41% in May, official data showed on Tuesday, less than half the level that it reached a year earlier as tight ...

Turkey Plans Modest Tax Hikes to Aid Fight Against Inflation

Turkey is planning modest tax increases on key goods and services, including motor fuel, in 2026, the latest step in the ...
Yahoo

Turkey Underwhelms With New Spending Cuts to Curb Inflation

(Bloomberg) -- Turkey’s move to cut public spending in a bid to curb rampant inflation was largely shrugged off by investors, with questions raised over how much would actually be saved. Treasury and ...
U.S. News & World Report

Turkey's Monthly Inflation Seen at 2.83% in October, Year-End Seen 32%

ISTANBUL (Reuters) -Turkey's monthly inflation rate is expected to be 2.83% in October, driven by hikes in clothing and food prices, while the year-end annual inflation forecast rose to 32%, a Reuters ...
The Daily Overview on MSN

Why Turkey's economy may be running out of time

Turkey's long boom was built on cheap money, construction and confidence that the state could keep the lira roughly stable ...
Al-Monitor

Turkey’s annual inflation surges to almost 70% in April

ANKARA — Turkey’s annual consumer inflation rate rose to 69.80% in April, according to official data published Friday. Up from 43.68% in April 2023, the figure marks Turkey’s highest rate in the past ...
Al-Monitor

Turkey’s inflation tops 75% but economy czar says 'worst is over'

A teller counts US dollar bills at an exchange office in Ankara, Turkey, July 20, 2023. — ADEM ALTAN/AFP via Getty Images ANKARA — Turkey's annual consumer inflation rate exceeded 75% in May, the ...

Turkey's 'Simit' Bagel Becomes Benchmark As Inflation Bites

Turkey's traditional "simit" bagels, sold in every corner of Istanbul, have become the key symbol for price increases in a country where, in less than five years, the price has jumped from 3 to 20 ...

Hepsiburada: Facing Competitors, Inflation And Currency Devaluation

Hepsiburada (HEPS) contends with fierce competition and macroeconomic headwinds, including ultra-high inflation and currency ...
AOL

Turkey’s inflation problem is so severe the central bank just hiked interest rates to 50%, months after it said it was done raising rates

Americans are struggling to cope with interest rates around 5%, but in Turkey, consumers are facing borrowing costs 10 times as high. Turkey’s central bank shocked investors by hiking interest rates ...
AFP on MSN

Turkey's iconic 'simit' bagel: Streetfood becomes benchmark as inflation bites

Turkey's traditional "simit" bagels, sold in every corner of Istanbul, have become the key symbol for price increases in a ...