Today: 2 August 2025
5 January 2022
1 min read

Turkey’s annual inflation surged to 36.08 percent, highest in 20 years

Turkey’s annual inflation has surged to 36.08 per cent year-on-year in December, the highest level since September 2002, the country’s Statistical Institute revealed…reports Asian Lite News

The Institute said on Monday that the country’s consumer prices raised by 13.58 month-on-month in December 2021, Xinhua news agency reported.

The producer price index increased by 19.08 percent on a monthly basis, with an annual rise of 79.89 per cent, it added.

ALSO READ: Palestine’s economy expected to grow by 4% in 2022

Turkey’s economy saw robust growth in 2021 as financial institutes are predicting a 9 percent growth in the country’s GDP.

The high inflation and forex instability have, however, cast a shadow over the growth in 2022.

Previous Story

Italy under moderate pandemic risk as 4 regions turn ‘yellow’

Next Story

‘1 in 5 EU citizens have received booster shots’

Latest from Economy

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

ADX, banks launch region’s first digital bond

Abu Dhabi Securities Exchange (ADX) has launched the pricing phase for the region’s first distributed ledger technology (DLT)-based bond, setting a new benchmark in financial innovation and blockchain integration. The bond, issued

India Outpaces Peers in Morgan Stanley Outlook

Global investment firm reaffirms India’s status as top-performing economy in latest growth outlook…reports Asian Lite News India is set to retain its position as the fastest-growing economy among nations tracked by Morgan

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India’s Growth Defies West Asia Tensions

The deepening crisis in West Asia, particularly between Israel and Iran, has had little to no visible impact on India’s economic trajectory or its export performance….reports Asian Lite News The limited trade
Go toTop

Don't Miss

Global Covid caseload tops 425.7 mn

The global coronavirus caseload has topped 425.7 million, while the

UN Secretary-General urges more support for Lebanon

Visiting Secretary-General of the United Nations Antonio Guterres has urged