Inflation for the country of 84 million people has soared in the last two years.
Consumer prices month on month grew by 3.08%, and annually by 83.45%. The domestic producer price index was up 4.78% from the previous month, and up a whopping 151.5% year on year.
"My biggest battle is against interest. My biggest enemy is interest. We lowered the interest rate to 12%. Is that enough? It is not enough. This needs to come down further," Erdogan said during an event in late September. Consumer prices month on month grew by 3.08%, and annually by 83.45%. The domestic producer price index was up 4.78% from the previous month, and up a whopping 151.5% year on year.
"My biggest battle is against interest. My biggest enemy is interest. We lowered the interest rate to 12%. Is that enough? It is not enough. This needs to come down further," Erdogan said during an event in late September.
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