For the first time in 15 years Inflation in Turkey at 15%

Inflation in Turkey exceeded 15% in June, for the first time since 2003, which puts additional pressure on the government of President Recep Tayyip Erdogan to deal with high prices.
"French", consumer prices rose 15.39 percent, compared with the same month last year, after 12.15 percent in May, according to the Turkish Bureau of Statistics.
The highest increase of the month in the transport sector, Rose 24.26%, and prices for upholstery and home appliances rose 18.91%.
Also among the causal factors
The fight against inflation will be one of the key issues for Erdogan's new administration after winning parliamentary and parliamentary elections on June 24, with strengthened powers.
The last time, While inflation was 15% in Turkey in 2003, a year after Erdogan's party came to power, the country was emerging from a crisis financial. The figures released yesterday contrasted sharply with the central bank's inflation target of 5% or even 8.4%.
The Turkish lira lost more than 23% of its value against the dollar this year, bringing the dollar to 4.67%.
Analysts believe that the larger than expected rise in inflation in Turkey could force the central bank to raise interest rates at a future meeting. The end of the month, after an increase in June After an emergency rush of 300 points on May 23.
Official data showed that the consumer price index jumped more than expected by 2.61% in June, bringing down the pound as investors worried about the failure form the bank. Central bank slows price hike
Analysts have predicted in a Reuters poll that the CPI would rise 1.4% on a monthly basis. The annualized inflation rate was 12.15% in May 1945.
The rise in the index occurred while food and beverage prices rose 5.86 % on a monthly basis and 4.76%, according to the data. The core inflation rate was 14.60% YoY.