Turkey hit with soaring prices as inflation nears 80%

Growth in annual prices rose from 73.5% in May to 78.6% in June, but real rate could be double official figure

Turkey's official inflation rate increased to almost 80% last month - the highest in 24 years - as President Recep Tayyip Erdoan's unconventional economic policies continued to drive up the cost of living.

The growth in annual prices rose from 73.5% in May to 78.6% in June, according to the Turkish statistics agency.