Turkey's cost of living soars nearly 70%

Consumer prices in Turkey soared nearly 70% in April from a year ago, hitting a two-decade high, official figures show.

Transport, food prices and household furnishings recorded the sharpest rise in annual inflation, with transport costs more than doubling over the year.

Countries around the world are dealing with a growing cost of living crisis.

The cost of food and non-alcoholic drinks saw an annual increase of 89.1%, while furnishings and household equipment were up 77.64%.

On a monthly basis, prices jumped 7.25% in April, SIA reports citing the Turkish Statistical Institute.

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