Highlights

  • Experts see prices rising further into the summer
  • The local currency Lira continues to be under pressure

Latest news

Stock Market Roundup: December 23, 2024 - U.S. Markets Lead, Europe Shows Stability, Asia Gains

Stock Market Roundup: December 23, 2024 - U.S. Markets Lead, Europe Shows Stability, Asia Gains

Nifty 50 Stock Analysis – December 23, 2024: Key Losses and Technical Insights

Nifty 50 Stock Analysis – December 23, 2024: Key Losses and Technical Insights

Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFC

Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFC

Vivo X200 Pro Review: Cameras, Performance & Everything in Between

Vivo X200 Pro Review: Cameras, Performance & Everything in Between

Sky-High Spirits: Surat-Bangkok Flight Faces Alcohol Shortage Rumors

Sky-High Spirits: Surat-Bangkok Flight Faces Alcohol Shortage Rumors

‘Uttar Pradesh leading in ease of doing crime’: Akhilesh’s jibe at Yogi-led BJP govt

‘Uttar Pradesh leading in ease of doing crime’: Akhilesh’s jibe at Yogi-led BJP govt

Study finds enrolling in Ayushman Bharat Scheme increased access to timely start of cancer treatment

Study finds enrolling in Ayushman Bharat Scheme increased access to timely start of cancer treatment

India’s Call for UN Reforms: A Vision for Global Relevance

India’s Call for UN Reforms: A Vision for Global Relevance

This country has an inflation rate of 54% and it is about get a lot worse

Turkish consumer inflation jumped to a fresh two-decade high in February

Video Player is loading.
Current Time 0:00
Duration 0:00
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
 
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected

      Inflation in Turkey has touched the highest level in 20 years, topping 54% as higher energy and food prices swelled the import bill while the Lira continues to suffer.

      But Turkey has seen a lot worse, in 1995 the nation battled with severe price rise where the inflation tally topped a 105% and experts see price rise atleast topping 65% by this summer.

      So the natural question is why not raise rates to curb the inflation crisis? While Turkish lira has nearly halved in value in just as year, Turkish President Recep Tayyip Erdogan refuses to raise rates even as inflation consistently climbed. Turkey’s central bank has cut interest rates by 500 basis points since September to 14%.

      Infact Turkish President Tayyip Erdogan dismissed three central bank policymaker in October as they opposed his low rate high inflation mandate to boost the economy.

      Inflation

      ADVERTISEMENT

      Up Next

      This country has an inflation rate of 54% and it is about get a lot worse

      This country has an inflation rate of 54% and it is about get a lot worse

      Nifty 50 Stock Analysis – December 23, 2024: Key Losses and Technical Insights

      Nifty 50 Stock Analysis – December 23, 2024: Key Losses and Technical Insights

      Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFC

      Top Nifty 50 Gainers on December 23, 2024: Technical Analysis of JSWSTEEL, ITC, HINDALCO, TRENT, and HDFC

      Indian Stock Market stage sharp recovery after five days of fall

      Indian Stock Market stage sharp recovery after five days of fall

      India has potential to be key sustainable aviation fuel producer: IATA

      India has potential to be key sustainable aviation fuel producer: IATA

      Market Cap of India's top-10 most valued firms slumps Rs 4.95 lakh Crore

      Market Cap of India's top-10 most valued firms slumps Rs 4.95 lakh Crore

      ADVERTISEMENT

      editorji-whatsApp

      More videos

      Honda and Nissan Start Merger Talks to Rival Chinese EV Giants and Tesla

      Honda and Nissan Start Merger Talks to Rival Chinese EV Giants and Tesla

      Divya Kala Mela run by persons with disabilities makes sale of Rs 3.5 crore: Government

      Divya Kala Mela run by persons with disabilities makes sale of Rs 3.5 crore: Government

      Indian Stock Market Indices: Sector Analysis Performance Today - 20 December, 2024

      Indian Stock Market Indices: Sector Analysis Performance Today - 20 December, 2024

      Global Stock Market Indices: How the World Markets Performed Today - 20 December, 2024

      Global Stock Market Indices: How the World Markets Performed Today - 20 December, 2024

      NSE Nifty 50 Top Gainers: What are the 5 Biggest Stock Gainers Today (Dec 20)?

      NSE Nifty 50 Top Gainers: What are the 5 Biggest Stock Gainers Today (Dec 20)?

      Nifty 50: Top losers today - 20 December 2024

      Nifty 50: Top losers today - 20 December 2024

      Rupee recovers from all-time low, gains 10 paise to 85.03 against US dollar

      Rupee recovers from all-time low, gains 10 paise to 85.03 against US dollar

      Trump threatens tariffs if EU doesn't buy more oil, gas

      Trump threatens tariffs if EU doesn't buy more oil, gas

      Honda Cars to hike vehicle prices by up to two per cent from Jan 2025

      Honda Cars to hike vehicle prices by up to two per cent from Jan 2025

      Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

      Global stocks struggle amid inflation, economic fears: December 19, 2024 analysis

      Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.