Inflammation in Turkey: 83,4%

Inflation in Turkey reached a new level of 83.4% in annual terms in September, unlike that of 80,21% resulting in the previous month of August, according to official data.

This sharp increase in consumer prices is the result of continued collapse of the Turkish lira and a further decrease of the basic rate from 13 to 12%, announced last week by the Turkish Central Bank.

The Turkish coin, which has lost more than half of its value since the beginning of the year, was exchanged for 18,56 Turkish lira for a dollar.

The rise in consumer prices is a hot topic in Turkey, less than nine months before the upcoming presidential election.

For many Turks, price hikes become difficult to cope with, as 48% of employees receive the minimum wage, amounting to 5,500 Turkish lira, said otherwise less than $330. /Attish/