Turkey's Inflation Soars to 66% in February on Rising Food Prices and Wages
- Turkey's annual inflation likely reached 15-month high of 66% in February
- Inflation being driven by minimum wage hikes, higher food prices
- Central bank expects inflation to peak above 70% in May
- Food prices rose 8.5% month-over-month in February, more than double overall estimate
- Central bank left rates unchanged last month after delivering 3,650 basis points of tightening
