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Turkey hit with soaring prices as inflation nears 80% Growth in annual prices rose from 73.5% in May to 78.6% in June, but real rate could be double official figure Turkey's official inflation rate increased to almost 80% last month - the highest in 24 years - as President Recep Tayyip Erdoğan's unconventional economic policies continued to drive up the cost of living. The growth in annual prices rose from 73.5% in May to 78.6% in June, according to the Turkish statistics agency.
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