Turkey's skyrocketing food prices show no sign of slowing | MED-Amin network | Scoop.it

By Al Monitor, 07/11/2018

Turkey’s consumer inflation overshot expectations in October, climbing 2.67% and bringing year-on-year inflation to 25.2%, much to the chagrin of Treasury and Finance Minister Berat Albayrak, the president’s son-in-law, who had declared an “all-out fight against inflation” in mid-September.

The details of the inflation data, released Nov. 5, show that food prices shot up nearly 30% from October last year. In the subcategory of fresh fruits and vegetables, the increase was even more staggering, hitting 50%. For Turkey, such inflation is unprecedented since 2004.