Erdogan faces a major challenge: massive inflation - “control of lira given up”. As of: February 14, 2024, 6:01 p.m By: Lisa Mayerhofer CommentsPressSplit Price increases in Turkey continue to be massive and the lira is plummeting.
There is no improvement in sight any time soon. Turkey continues to struggle with high inflation and its consequences. Turkish consumer prices rose by an average of almost 65 percent in January compared to the same month last year.