Inflation in Turkey Surges To 83%

Inflation in Turkey has climbed above 83% - a 24-year-high. <br />The transport, food, and housing sectors have seen the biggest rise in prices. <br />Independent experts the Inflation Research Group estimate the annual rate is actually 186.27%. <br />The transport sector saw the sharpest increases in annual prices at 117.66%, followed by food and non-alcoholic drinks at 93%. <br />Mr. Erdogan has described interest rates as the mother and father of all evil, and his economic policies include intervening in foreign exchange markets. <br />US Banking giant JP Morgan says Turkey's inflation would remain in the abnormally high range until policies get orthodox.