Consumer prices rose 4.8% in Turkey in February, bringing annual inflation to a two-decade high of 54.4%, official data showed March 3, as the economic fallout of Russia’s invasion of Ukraine threatens to worsen the country’s inflation woes.
The gap between consumer and producer inflations grew to more than 50 percentage points in February, as producer prices rose 7.2% on a monthly basis and 105% over a year.