Turkey's annual inflation hits record high

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Turkey's annual inflation hits record high

STORY: Turkey's annual inflation hits record high DATELINE: April 5, 2022 LENGTH: 0:02:09 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket in Turkey 2. various of Turkish President Recep Tayyip Erdogan 3. various of Turkey's central bank 4. various of a market in Turkey STORYLINE: Turkey's annual inflation hit a new record high at 61.14 percent in March, featuring rising energy and food prices, the Turkish Statistical Institute announced on Monday. The country's consumer prices rose by 5.46 percent month on month in March, according to the data released by the institute. The highest annual price increase was in transport with 99.12 percent, followed by foods and non-alcoholic beverages with 70.33 percent, and furnishings and household equipment with 69.26 percent, respectively. Meanwhile, the domestic producer price index increased by 9.19 percent on a monthly basis, with an annual rise of 114.97 percent in March. Turkey has been struggling with elevated inflation,

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