The Turkish Statistical Institute reported that inflation in September reached a 15-year maximum level of 24.52%, it means that the interest rates will soon be risen to curb price increases. Experts had predicted a rise in consumer prices by 21.1%. Relative to the previous month, consumer prices increased by 6.3%, showing the most significant pace since April 2001. Prices, excluding the cost of food, energy and gold, grew at an annual rate of 24.05% after a rise of 17.2% in August. Food prices rose by 27.7%, energy - by 27.03%. As the Minister of Finance of Turkey Berat Albayrak said, next week they will announce further measures to combat inflation.
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