Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. The highest consumer price increases year-on-year were in education, with a 103.86% jump, and hotels, cafes and restaurants, with an increase of 95.82%. On a monthly basis, Turkey’s inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants. April’s inflation rate marks the highest annual increase since November 2022, when inflation was around 85%. While an eye-watering figure, April’s nearly-70% CPI read was actually a smaller jump than ... (full story)