Inflation in Turkey soars to eye-popping near 70% in April | Ap

ANKARA, Turkey (AP) — Inflation in Turkey caused to nearly 70% in April, official data showed Thursday, as skyrocketing prices eat away at earnings and put even basic necessities out of reach for many households.

The Turkish Statistical Institute said consumer prices rose by 69.97% in April compared with the previous year, the biggest year-over-year increase since 2002. The annual inflation rate was up from 61.14% in March.

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