The new date is Jan 3, 2022.
Turkey's annual inflation soared to a 19-year high in December, according to government data, part of an escalating crisis driven by unorthodox monetary policies that sent the lira into freefall and to record lows last year, and as consumer prices surge in many parts.
The President of Turkey favors cutting interest rates.
The images are from the same source.
The Turkish Statistical Institute's data shows that the consumer inflation rate rose to 36% in December.
The inflation rate in Turkey has increased for the seventh month in a row.
The state data shows that the annual price increases for necessities like transportation and food and drink rose even faster in December.
The lira fell 5% on Monday after the government agency reported that it had crashed to record lows in 2011.
The lira lost half of its value against the dollar. The crash prompted many to switch their savings to other currencies like the euro or dollar because of the insistence on driving economic growth by cutting interest rates. The president has continued to push his monetary policies despite the objections of experts and the public. The currency plunged to a record low in 2021, but rebounded in December after the government tried to bolster the currency. Turkey is not the only country that has seen inflation rise and prices rise in major economies. In the U.S., for example, inflation hit a 40-year high in November and in Europe energy prices reached record levels amid fuel shortages.
The Turkish currency has crashed because of inflation and the interest rate.
Turkey's currency troubles are likely to get worse.
Young Turks are being pushed to virtual work overseas.
Inflation hit a 40-year high in November.
