Turkish inflation nears 20% on rising food, energy costs
While Turkey’s latest official inflation figures beat expectations, raising some concerns over data integrity, consumer prices are expected to keep rising amid growing global energy costs.
![People shop at an open-air market in Ankara.](/sites/default/files/styles/article_hero_medium/public/2021-11/GettyImages-1232766569.jpg?h=a5ae579a&itok=iMbDUQw6)
ISTANBUL — Turkey’s annual consumer inflation rate rose to 19.89% in October, according to official data published Wednesday by the Turkish Statistical Institute (TurkStat).
Up from 19.58% in September, the figure marks Turkey’s highest inflation rate in 2.5 years, driven primarily by rising costs in food, housing, services and transportation, as well as a spike in global energy prices.