Turkey’s annual inflation rate goes up in December

By Bahattin Gonultas

ANKARA (AA) – Turkey’s inflation rate has gone up in December, according to a report from the Turkish Statistical Institute on Tuesday.

The annual rate of inflation rose to 8.53 percent in December from 7 percent in November, it said.

The highest monthly increase was 7.33 percent in alcoholic beverages and tobacco, it added.

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