October 8, 2018 / 8:56 AM / a month ago

Turkey to announce plan to fight inflation on Tuesday, Albayrak says

FILE PHOTO: Workers make Turkish flags at a small flag factory in Istanbul, Turkey, July 20, 2016. REUTERS/Murad Sezer/File Photo

ISTANBUL (Reuters) - Turkey will announce a “full-fledged fight against inflation” program on Tuesday, Finance Minister Berat Albayrak said on Twitter.

Turkey’s inflation hit nearly 25 percent in September, vastly exceeding forecasts and standing at a 15-year high, data showed last week.

Reporting by Ali Kucukgocmen; Editing by David Dolan

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