Turkey's inflation rate was 79.6% in July compared to 78.62% a month earlier, the National Statistical Institute said Wednesday.
At the same time, inflation rose to 176.04% from 175.55% in June, according to the independent Inflation Analysis Group.
The Turkish authorities have been pursuing a so-called new economic policy since last December, with an emphasis on strengthening the Turkish lira. The Turkish Central Bank has kept the rate unchanged since that time at weekly repo auctions at 14%, although many local economists say it should be raised. The Turkish national currency has depreciated by more than 25% since the beginning of the year, a trend that economists predict will continue.
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Based on materials from TASS