Part 3/8:
Turning to the economy, inflation in Turkey has shown some intriguing patterns over the year. From November 2023 to May 2024, inflation rates soared, peaking at 75.5%. Since then, a gradual decline has been observed, with the latest reported rate at 44.4% in December. Despite this decline, Turkey maintains one of the highest inflation rates among the G20 nations, surpassed only by Argentina’s staggering rate of over 166%.