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France 24
France 24
Business

Turkey's inflation rate soars to 49% as Erdogan defends policy

Turkey Facebook Recep Tayyip Erdoğan
BUSINESS DAILY © FRANCE 24

Inflation in Turkey has soared to nearly 49 percent - the highest level in two decades. It's another sign that President Recep Tayyip Erdogan's unorthodox monetary policy may not be bearing fruit. Also in the show: as energy prices surge, British authorities unveil more financial aid for electricity bills, and Facebook shares plunge as it reports a drop in user numbers for the first time.

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