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13
Dec 2025
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Turkey: They sell toasts with nothing in between – Inflation hits hard

Portions in restaurants have shrunk too much for entrepreneurs to keep prices down

Inflation in Turkey reached 48.69% in January

It is the highest since last April

Turkish inflation breaks 19-year record

Consumer inflation increased to 36.08% on an annual basis

When Greece had 100-billion-drachma banknote

It was used for a day

Inflation Woes Plague Developed Nations (infographic)

The Harmonised Consumer Price Index published monthly by Eurostat rose by 3.6 percent year-on-year in the European Union

Natural gas price up by 91%, as inflation rose in past month by 1.9%

Fuel prices rose by over 17%

European Central Bank sets new inflation target at 2%

The ECB said its target would be symmetric

Unfazed by lira’s decline, Turkey persists with lowering interest rates

The domineering president has eroded central bank independence to exert more control over the economy

Inflation outlook unchanged, Turkey tees up more rate cuts

Relative stability

IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off

The Fund released its annual World Economic Outlook report

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