Turkish inflation rose year-on-year in June to a 23-year high of 78.62%, its acceleration for the 13th consecutive month boosted by the weakness of the local currency (the Turkish lira) and the negative effects of Russia's military invasion of Ukraine, which are expressed in a continued strong increase in the prices of raw materials.
Inflation in Türkiye in June soared to an annual rate of 78.6 percent -- the highest in 24 years, according to official data released on July 4.
The inflation rate reported by Türkiye's state statistics agency was the highest since January 1998.
Inflation had stood at 73.5 percent in May and at 15.0 percent at the start of last year.
Swedish Prime Minister Magdalena Andersson on July 3 vowed to abide by the recent agreement with Türkiye, including pledges on extradition of terrorists.
Magdalena Andersson refused to deny Türkiye's statement that it had promised to deport individuals sought by Ankara as part of Stockholm's efforts to join NATO.
Turkish President Recep Tayyip Erdoğan has invited Greek Cyprus leader Nicos Anastasiades to North Cyprus upon the latter's demand for setting a meeting, Turkish private national broadcaster CNN Türk has reported.
According to CNN Türk, Anastasiades came side-by-side with Erdoğan in a NATO Summit in Madrid, Spain, twice last week.