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زاد الاردن
Turkey inflation shows mixed trends
Recent economic data shows that inflation in Turkey exhibits a clear variation in July, with the annual rate slightly decreasing to 31.75 percent, while prices increased significantly on a monthly basis by 1.78 percent. These increases affected many key sectors, especially food, housing, and transportation, where prices rose by as much as 37.53%, 40.32%, and 30.83% respectively, greatly impacting household budgets. In light of the continued inflationary pressures, the Turkish Central Bank decided to keep the interest rate steady at 37%, with expectations of another monthly hike, amid market tensions and geopolitical challenges affecting the local economy.
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