Inflation in Turkey in annual terms reached a new level of 83.4 percent in September, unlike that of 80.21 percent in the previous month.
According to official data, this sharp rise in consumer prices is a consequence of the continued collapse of the Turkish lira and a further cut in the base rate from 13 percent to 12 percent, announced last week by the Central Bank of Turkey.
The Turkish currency, which has lost more than half of its value since the beginning of the year, was trading at 18.56 Turkish lira to one dollar on Monday morning.
Rising consumer prices are a hot topic in Turkey, less than nine months before the next presidential election.
For many Turks, the increase in prices becomes difficult to bear, as 48 percent of employees receive the minimum wage, which amounts to 5,500 Turkish lira, in other words, less than $330.
