Turkey's annual inflation rate in November jumped to its highest level in 14 years, as food prices remain elevated.
The annual consumer price index rose to 12.98% in November--the highest reading since 2003--from 11.9% in October, the state statistics agency TÜİK said Monday.
The data showed annual food and non-alcoholic beverages prices rose to 15.78% in November from 12.74% in October. Annual transportation costs surged by 18.56%.
Core inflation indicators, excluding food and beverages, tobacco, energy and gold prices, jumped to 12.1% in November from 11.8% in October.
