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high inflation

Erdoğan promises to open 1,000 supermarkets to combat high prices

Amid declining support for his party in the face of double-digit inflation, Turkish President Recep Tayyip Erdoğan said on Sunday that agricultural cooperatives have...

Turkey sets duty-free import quota of 200,000 tons of potatoes

A Turkish presidential decree has set a duty-free import quota for 200,000 tons of potatoes, the Official Gazette said on Monday, Reuters reported.The presidency...

Automobile sales in Turkey down 47 percent in February

The sale of passenger cars and light commercial vehicles dropped 47.1 percent year-on-year in February, according to a report released by the Automotive Distributers’...

Turkey to investigate 23 supermarket chains over produce prices

Turkey’s Competition Authority has launched an investigation into 23 supermarket chains to ascertain if they are engaged in unfair competition in the sale of...

Erdoğan says Turkey will cut inflation 6 or 7 pct without explaining how

Turkish President Recep Tayyip Erdoğan said on Saturday Turkey’s inflation rate would fall to 6 or 7 percent from the current 19-20 percent but...

İzmir university begins to sell produce at low prices

A university in the western Turkish province of İzmir has established a produce stand in the cafeteria of its medical faculty to sell produce...

Economic hardship erodes Erdoğan’s support in İstanbul, Ankara: report

With Turkey’s local elections a month away, support for President Recep Tayyip Erdoğan’s Justice and Development Party (AKP) is being eroded by a deterioration...

Turkey must fix agriculture sector to bring down food inflation: business lobby

Turkish government measures will bring food inflation down temporarily but prices will rise again if structural issues in the agriculture sector are not resolved,...

Turks are dumping lira and hoarding dollars: report

Turkish households and companies that are faced with runaway inflation and near-zero real returns on local-currency deposits have converted $18 billion of their lira...

Erdoğan claims ‘enemies’ now trying to bring Turkey down with high produce prices

Turkish President Recep Tayyip Erdoğan at an election rally in Kastamonu on Tuesday said outside forces that could not bring Turkey down by means...

Turkey kicks off municipality-sponsored sale of produce to fight inflation

Several reports on Monday indicated that the Turkish government has put into practice the sale of fruits and vegetables by municipalities in İstanbul and...

‘Do you know how much a bullet costs?’ Erdoğan says in response to high food prices

Turkish President Recep Tayyip Erdoğan at a campaign event on Friday reacted to grievances about increasing food prices by pointing out the high cost...

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