The Turkish inflation rate had been falling since a peak in October at 85.5%. The fragile G20 economy is struggling with one of its worst cost-of-living crises to date. The Istanbul-based ENAG research group on Thursday announced its annual inflation estimate for July at 122.8%.Turkish consumer prices picked up pace in July, with annualized inflation surging to 47.83% from 38.21% ,Monthly inflation hit 9.49% in July while the highest increases were registered in hotels, health and food and beverage. Can a multipolar world ease the effects of inflation ?
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