Turkey inflation climbs up in July at 47.83 percent ...Kuwait

Turkey's annual inflation climbed in July to 47.83 percent, up sharply from 38.2 percent, official data showed on Thursday, a week after the central bank more than doubled its year-end forecast. The new figure, in line with expectations, comes as Turkey radically shifts its policies since the May election that includes an end to more than a two-year era of ultra-low interest rates. Last week, the central bank revised its year-end inflation forecast to 58 percent from 22.3 percent after years of doubts from independent economists about the official rate. The official rate had been steadily dropping since reaching a more than two-decade high of 85 percent in October la

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