Turkish inflation raced out of the traps in the New Year, climbing to highest level of the past six years in January, official data has showed, signaling a tough first half for Turkish consumers.
As the consumer prices bounced 1.72 percent on monthly basis, the index rose 7.48 percent year-on-year, after climbing to 7.40 percent in December, the data announced by the Turkish Statistical Institute (TÜ?K) on Feb. 3 revealed.