In Turkey, prices are rising at an enormous rate across the board.
The inflation rate in May was 73.5 percent, according to the Turkish Statistical Office in Ankara.
The trend of extraordinarily high inflation rates is thus continuing unabated in the country.
As early as April, everyday life became more expensive for Turks by almost 70 percent.
The inflation rate in Turkey is driven by a number of factors: the weaker national currency, the lira, has been a burden for a long time since it makes goods imported into Turkey more expensive.
There are also significant problems in the international supply chains, which make preliminary products more expensive.
The prices of many raw materials are also rising, not least because of the Russian attack on Ukraine.
The Turkish central bank, on the other hand, is not fighting the development by raising interest rates, but has actually lowered interest rates despite high inflation rates.
In particular, it is reacting to pressure from President Erdogan, who has repeatedly railed against high interest rates and has also repeatedly replaced top staff in the central bank who did not want to fully follow his line.