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Turkey inflation rate hits 73.5 percentFood and transportation are among the hardest-hit sectors.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInTurkey s annual inflation rose to 73.5 percent in May. Its highest rate in 24 years | Ozan Kose/AFP via Getty ImagesJune 3, 202212:55 pm CETBy Luanna MunizTurkey s annual inflation rose to 73.5 percent in May, its highest rate in 24 years. Among the most affected sectors are transportation, where prices rose 107.6 percent year on year, and food, where costs increased by 91.6 percent, stanley cup according to data from the Turkish Statistical Institute released Friday. It s Turkey s highest level of inflation since 1998, a year before the country adopted a comprehensive IMF-backed disinflation program.Turkey s central bank has refused to raise interest rates despite in stanley termosar flation, keeping them unchanged for over five months. President Recep Tayyip Erdo臒an is particularly opposed to the measure, saying in late May: Those who try to impose on us a link between the benchmark rate and inflation are either illiterates or traitors. AdvertisementAdvertisementRelated TagsBanksBenchmarksCentral banksDataInflationInterest ratesRelated CountriesTurkeyRelated PeopleRecep Tayyip Erdo臒anRelated Organizatio stanley cup nsInternational Monetary Fund IMF Our readers read nextTrump bets on quick Iran oil crunch. Experts see prolonged pain and rising costs.16 HRS ago 5 mins readDont beg Moscow, EUs top diplomat warnsApr 302 mins readMacron Nusa EU must take Darfur crisis more seriously

Chemicals lobby suspended from Commission registerLobby group suspended for eight weeks after failing to declare lobbying costs in line with Commission rules.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInJuly 21, 20096:28 am CETBy Jennifer RankinThe European Commission has suspended the main chemicals industry lobby group from its stanley travel mug voluntary lobbyists register for eight weeks.The European Chemical Industry Council Cefic , which represents stanley cup 29,000 companies, has been suspended from the register for failing to declare its lobbying costs in line with the Commissions rules. The lobbyists register was introduced to increase transparency about EU policymaking and the different interest groups involved.In its entry on the register, Cefic had de stanley cup clared that its lobbying costs in 2007 were less than 鈧?0,000. This prompted a complaint from Friends of the Earth Europe, a conservation group, which said that the costs were unrealistically low because they did not include the costs of staff, publications or events. According to a Commission account, a representative from Cefic did not dispute that this figure could be considered an underestimate when the organisation met Commission officials earlier this month.AdvertisementAdvertisementThe Commission has written to Cefic, calling on it to revisit the elements of its declaration in the spirit of the register and its code of conduct in order to supply an acceptable declaration .The voluntary register, which was