Turkey's annual inflation hits two-decade high of nearly 70 pct

STORY: Turkey's annual inflation hits two-decade high of nearly 70 pct DATELINE: May 5, 2022 LENGTH: 00:00:58 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: various of Turkish people on the streets and shoppingvarious of Turkish people at a fresh vegetable marketvarious of Turkish President Recep Tayyip Erdoganvarious of Turkish central bankvarious of Turkish lira and U.S. dollar STORYLINE: Turkey's annual inflation jumped to 69.97 percent in April, reaching a two-decade high, the Turkish Statistical Institute announced Thursday. The country's consumer prices rose 7.25 percent month on month in April, according to data released by the institute. The highest annual price surge was in the transportation sector with 105.86 percent. The cost of food and non-alcoholic drinks increased by 89.1 percent, while furnishings and household equipment prices were up 77.64 percent. The domestic producer price index climbed 7.67 percent month on month, with an annual rise of 121.82 percent. Turkey is undergo