Turkish Cypriots hit by hyperinflation

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Turkish Cypriots hit by hyperinflation
 © FinancialMirror 2022
Turkish Cypriots are seeing their earnings vanish due to inflation spirals, as the cost of living in the Turkish occupied north has increased by a staggering 110%.

According to north’s statistical data, annual inflation in June spiked by 110.42% compared to last year, 56.76% since December, and 9.54% since last month.

Compared to the previous month, 562 products saw a price increase in the north.

The biggest monthly increase of 21.68% occurred in the transport sector due to higher petrol prices.

An increase of 15.28% was recorded in restaurants and hotels, 7.79% in miscellaneous goods...

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Article automatically added to our system on Tuesday, July 5, 2022

Turkish Cypriots hit by hyperinflation

Contents of this article including associated images are © FinancialMirror 2022
Views & opinions expressed are those of the author and/or FinancialMirror .

Article Tags: #turkish   #cypriots   #hyperinflation  

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