Unofficial inflation rate in Turkey is almost 125 %

Its own economy is already in a historic crisis. The Turkish lira has lost almost 50 percent of its value in the past twelve months. Since the outbreak of the Ukraine war alone, the currency has slipped over five percent. The weakness of the lira is also fueling inflation in Turkey, which officially stood at 54.4 percent in February, the highest in two decades. The independent institute ENAG even assumes inflation of 124.8 percent.
The consequences are dramatic. More and more Turks can hardly afford normal life.

Martin (United Kingdom)