The Maslak financial and business center in the Sariyer district of Istanbul.
Ayhan Altun | Moment | Getty Images
Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.
Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month.
The combined sector of hotels, cafes and restaurants saw the greatest annual price inflation increase at 94.78%, followed by education at 91.84%, while the rate for health stood at 81.25% and transportation at 77.98%, according to the statistical institute.
Food and non-alcoholic beverage consumer prices jumped 71.12% in February year-on-year and recorded a surprisingly large monthly rise of 8.25%.
The monthly rate of change for the country’s inflation from January to February was 4.53%.
This breaking news story is being updated.
