Turkey's Inflation Hits 75%, Expected to Peak Soon

Turkey's inflation rate surged to 75.45% in May, marking what economists believe to be the peak before prices start to ease. The Turkish central bank has maintained a high interest rate of 50% to combat inflation, but the pace of disinflation remains uncertain. Key sectors like education, housing, and hospitality have seen the steepest price increases. Economists are divided on whether interest rates will be cut by the end of the year or remain high until 2025.