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Thursday, March 10, 2011

Price hike in oil to affect inflation rate, Turkish minister says

"Price hike in oil to affect inflation rate, Turkish minister says

Every $10 price hike in one barrel of oil will have a half-point impact on Turkey’s inflation and nearly $4 billion impact on Turkey’s current account deficit, according to a Turkish state minister. "

More:Price hike in oil to affect inflation rate, Turkish minister says - Hurriyet Daily News and Economic Review