Turkey's Annual Inflation Rate At 21.31% In November

Turkey posted a 21.31% annual hike in consumer prices in November, the country's statistical authority said on Friday.

Annual inflation rose 1.42 percentage points last month, up from 19.89% in October, according to the Turkish Statistical Institute (TurkStat).

A group of 24 economists projected an average annual rise of 20,57% in consumer prices this November, an Anadolu Agency survey found on Monday.

On a monthly basis, the consumer price index saw a hike of 3.51% in November.

The economists had forecast monthly inflation for November to average at 2.88%, the survey revealed.

The annual inflation rate in November 2020 was 14.03%. -