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Turkish annual inflation soars to 67% in February

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Turkish annual consumer price inflation in February surpassed expectations, reaching 67.07%, according to the Turkish Statistical Institute. Analysts had predicted an increase to 65.7%. The sectors of hotels, cafes, education, health, and transportation experienced significant price inflation. In particular, food and non-alcoholic beverages saw a year-on-year increase of 71.12% and a monthly rise of 8.25%. The monthly rate of change for inflation from January to February was 4.53%.