Turkey is suffering the worst bout of inflation of President Recep Tayyip Erdogan's two-decade rule. The official annual inflation rate peaked at 85 percent in October last year and climbed back up above 60 percent in September. After winning a May election, Erdogan appointed a new team of market-friendly economists...
Turkey inflation spirals to nearly 70% in April
Turkey's official inflation rate spiralled to nearly 70 percent in April, data showed on Thursday, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil. The consumer price index rose by 69.97 percent year-on-year in April compared with 61.14 percent...
IMF says Omicron could slow global growth
According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.
Sudan inflation eases for first time under transition
The inflation rate was recorded at 387. 56 percent (year-on-year) in August, compared to 422.75 percent in July
