{"id":59549,"date":"2022-02-03T12:54:51","date_gmt":"2022-02-03T08:54:51","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=59549"},"modified":"2022-02-03T12:54:53","modified_gmt":"2022-02-03T08:54:53","slug":"turkeys-inflation-rate-rises-to-48-7-the-highest-level-in-20-years","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkeys-inflation-rate-rises-to-48-7-the-highest-level-in-20-years\/02\/03\/market-updates\/","title":{"rendered":"Turkey&#8217;s Inflation Rate Rises to 48.7%, The Highest Level in 20 Years"},"content":{"rendered":"\n<p>Turkey&#8217;s annual inflation rate jumped more than expected to 48.69 percent in January, hitting its highest level in nearly two decades, data showed on Thursday, driven by a series of unconventional interest rate cuts and a sharp depreciation of the lira late last year.<\/p>\n\n\n\n<p>The Turkish Statistical Institute said the consumer price index rose 11.1 percent on a monthly basis, compared to expectations in a Reuters poll of 9.8 percent and annual expectations of 46.7 percent.<\/p>\n\n\n\n<p>The data showed that the producer price index rose 10.45 percent on a monthly basis in January, to rise on an annual basis to 93.53 percent in a reflection of the exchange rate-related turmoil in the past months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey&#8217;s annual inflation rate jumped more than expected to 48.69 percent in January, hitting its highest level in nearly two decades, data showed on Thursday, driven by a series of unconventional interest rate cuts and a sharp depreciation of the lira late last year. The Turkish Statistical Institute said the consumer price index rose 11.1 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7095],"class_list":["post-59549","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=59549"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59549\/revisions"}],"predecessor-version":[{"id":59550,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/59549\/revisions\/59550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37851"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=59549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=59549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=59549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}