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consumer cpi crash criss currency decrease depreciate depression dollars east economical economy enag euro europe exceed exchange fitch foreign gold group hit increase index inflation institute international lira low market middle monetary money office people policy price rate ratings relations research risk sellTurkish Lira Continues To Depreciate Editorial Photo
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Turkish Lira continues to depreciate #248115057
Description
International investment bank JP Morgan announced that it expects inflation in Turkey to peak at 72 percent on an annual basis in May. In April 2022, CPI increased by 7.25 percent. With the increase in April, annual inflation was realized as 69.97 percent. On the other hand, Turkish Lira continues to depreciate; Euro exceeded 17 TL, Dollar exceeded 16 TL. Turkish Lira which had been around 15 for a long time, has seen 16 yesterday. The Turkish lira weakened further to 16.1 per USD in May. Casual people shop in daily life in Izmir, Turkey on May 24, 2022.
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