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Turkish Inflation Expected to Accelerate Following Tax Hikes

Photo by Tarik Haiga on Unsplash

After eight months of deceleration, Turkish inflation probably ticked back up in July on the back of a string of tax hikes introduced to fix a swelling budget deficit.

Price growth accelerated to an annual 46.8% last month from 38.2% in June, according to the median forecast in a Bloomberg poll of economists.

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