Türkiye sharply raises 2022 inflation forecast to 65 pct

ANKARA, Sept. 4 (Xinhua) -- Türkiye sharply raised the country's inflation forecast for 2022 to 65 percent, up from 9.8 percent predicted one year ago, according to a government program published in the Official Gazette on Sunday.

The new three-year Medium Term Program, which was jointly prepared by the Ministry of Treasury and Finance and the Directorate of Strategy and Budget, expects the country's inflation will fall to 24.9 percent in 2023, 13.8 percent in 2024 and 9.9 percent in 2025.