Turkey raised natural gas and power prices on Wednesday and its energy importer blamed a “perfect storm” in global markets, feeding into an inflationary surge in the country that likely hit a 24-year high last month. Turkey imports virtually all of its energy needs, leaving it vulnerable to the big price rises seen this year, and soaring world energy costs in recent months sharply raised the import bill. read more Overall inflation of at least 70% and lira weakness have become a major headache for President Tayyip Erdogan ahead of elections set for mid-2023, with polls showing dwindling support for him and his ruling AK Party over the economic strains. Natural gas prices were raised by 30% for households, by 16.3% for gas used in electricity production and […]