75.5% is inflation on an annual basis in neighboring Turkey at the end of May, the Turkish Statistical Institute announced , BNR reported.
The biggest increase in prices was registered in education, housing and the restaurant business.
The jump compared to the end of April is big. Annual inflation was then calculated at 69.8 percent. And the current level is the highest since November 2022.
Finance Minister Mehmet Simsek, however, said that the worst is already behind the backs of the Turks - the peak of inflation has been reached. The government intends to curb public spending to rein in prices after the prime rate was raised from 8.5 to 50 percent in a year.