Ambassador Al-Asfour praises Korea's tech progress
A report highlights that Turkey's inflation rate experienced a significant rise, reaching 47.83% in July 2026. This is the highest level since 2014, leading to a depreciation of purchasing power and a substantial increase in the prices of goods and services. Inflation has been steadily rising over the past few months due to various factors such as soaring energy costs, a decline in the local currency's value, and increased domestic demand. The data indicates that persistent inflation poses major challenges to the Turkish economy and intensifies the hardship faced by citizens in meeting their basic needs.
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