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Turkey's inflation accelerates to nearly 70% in April

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Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.

The highest consumer price increases year-on-year were in education, with a 103.86% jump, and hotels, cafes and restaurants, with an increase of 95.82%.

On a monthly basis, Turkey's inflation increased 3.18%, led by price rises in alcoholic beverages and tobacco, and hotels, cafes and restaurants.

This is a breaking news story. Please check back for updates.

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