Turkish Inflation of 70% Sets G-20 High
(Bloomberg) -- Turkey and Argentina are recording the highest inflation rates among the Group of 20 nations as price pressures build across the world economy.
The acceleration in inflation is forcing central banks around the world to tighten monetary policy faster than many anticipated with the Federal Reserve this week hiking its benchmark interest rate by the most since 2000.Â
©2022 Bloomberg L.P.
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