Turkish Onion Prices Surge by an Eye-Watering 51%
By Cagan Koc
December 3, 2018, 5:24 AM EST
Onion prices have surged in Turkey, defying a government crackdown on inflation.
Prices surged 51 percent in November, the most of any component in a basket of prices whose gains decelerated in November to 21.2 percent from a 15-year high the month before. The government has been raiding storehouses where producers and dealers store onions, accusing them of hoarding crops to hike up prices.
More:Turkish Onion Prices Surge 51%, Defying Crackdown on Inflation - Bloomberg