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Turkey's inflation slows further as presidential vote nears

Huge spending on reconstruction after the February 6 earthquake could add to inflationary pressures in Turkey
— Istanbul (AFP)

Turkey's inflation rate slowed for a fourth straight month in February, data showed Friday, but remained in double-digits ahead of elections where President Recep Tayyip Erdogan's economic record will be a key issue for voters.

The inflation report comes as the government prepares to pour billions of dollars into rebuilding huge swathes of Turkey following the massive earthquake that struck on February 6.

Scores of cities were devastated and more than 50,000 people were killed in Turkey and neighbouring Syria, leaving millions needing urgent help with accommodation and medical care.

Erdogan's government was already fighting runaway inflation before the disaster, and mending fences with rich Gulf countries to provide funds for keeping the economy afloat.

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