Turkey's Inflation Soars to 42.68% as Energy Prices Continue to Rise
- Weekly inflation rose to 42.68% in the week ending Dec 7, primarily due to rising energy prices
- Gas prices were up over 1,100% compared to a year ago
- Electricity prices also increased by 2.03% week-on-week
- Prices rose for 15 items, fell for 14 items, and remained unchanged for 22 items
- Annual inflation rate peaked at 48.35% in early May but slowed to 24.4% in late August before accelerating again