Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs rise
Living in Turkey here.It's impossible to not get affected even if you are paid in foreign currencies. As the economy spirals down, everything gets heavily taxed by the government trying to save itself (and only itself).So the price increases are MORE than the devaluation of the currency itself, which is extremely devaluated already.That number will probably be much more than 73% if normalized to actual purchasing power.For example: I could fill my car's tank ~550₺ (Turkish Lira) around October.Last month, it was ~1600₺. There are tons of more examples, and without any actual production in the country, I don't see any bright future here.