Economy

Turkish annual inflation soars to 67% in February

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The Maslak financial and business center in the Sariyer district of Istanbul.

Ayhan Altun | Moment | Getty Images

Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.

Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month.

The combined sector of hotels, cafes and restaurants saw the greatest annual price inflation increase at 94.78%, followed by education at 91.84%, while the rate for health stood at 81.25% and transportation at 77.98%, according to the statistical institute.

Food and non-alcoholic beverage consumer prices jumped 71.12% in February year-on-year…



Source cnbc.com

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