Shoppers walk the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and soft drink prices rising by 70.3% year-on-year in March.
Diego Cupolo | Nurphoto | Getty Images
Inflation in Turkey soared to nearly 79% last month, the country’s highest in a quarter of a century.
Annual inflation was 78.62 percent for June, according to the Turkish Statistical Institute, beating forecasts.
Rising consumer prices have hit the population of 84 million hard, with little hope of improvement in the near future as a result of the Russian-Ukrainian war, high energy and food prices and a sharply depreciated lira, the national currency.
Transportation prices jumped 123.37 percent, and food and soft drink prices rose 93.93 percent, according to government data.
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