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Turkish inflation spooks Erdogan loyalists

Inflation has scaled new heights in Turkey, prompting grumbles from even pro-government media commentators.
Turkish Treasury and Finance Minister Berat Albayrak speaks during a presentation to announce his economic policy in Istanbul, Turkey August 10, 2018. REUTERS/Murad Sezer - RC1982EC7970

Turkey’s consumer inflation hit its highest level in 15 years, sharpening fears of a recession amid louder grumbles over the government’s mismanagement of the world’s 17th largest economy.

Inflation rose to 24.52% in September from a year earlier, a month-on-month jump of 6.3%, according to data released by the Turkish Statistical Institute today.

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