Türkiye's inflation hits 24-year high of 80.21 pct in August

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Türkiye's inflation hits 24-year high of 80.21 pct in August

STORY: Türkiye's inflation hits 24-year high of 80.21 pct in August DATELINE: Sept. 6, 2022 LENGTH: 00:01:21 LOCATION: Ankara CATEGORY: SOCIETY SHOTLIST: 1. various of people shopping at a discount market in Türkiye (courtesy of Ihlas news agency) 2. various of Turkish central bank 3. various of Turkish lira 4. various of Turkish President Recep Tayyip Erdogan (courtesy of Turkish Presidency) STORYLINE: Türkiye's annual inflation hit 80.21 percent in August, the highest in 24 years, the Turkish Statistical Institute announced Monday. The transport sector recorded an annual price surge of 116.87 percent, the cost of furnishings and household equipment increased by 92.02 percent, and food and non-alcoholic drinks prices by 90.25 percent, according to the institute. Consumer prices increased by 1.46 percent month on month in August, while the domestic producer price index (PPI) climbed by 2.41 percent. The PPI's annual rise was 143.75 percent in the same month. Türkiye is facing financial woes unseen in de

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