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inflation

Erdoğan announces yet another round of VAT cuts

Turkish President Recep Tayyip Erdoğan has announced cuts to the value-added tax (VAT) on a number products to fight inflation, which has surged to...

Sharp increase in Turkey’s red meat prices due to exports to Qatar, opposition MP says

An opposition lawmaker has argued that a recently announced 48 percent increase in red meat prices in Turkey is due to the country’s livestock...

Turkish central bank holds rate at 14 percent despite price surge

Turkey's central bank kept its key rate steady at 14 percent for the third straight month on Thursday as expected, sticking to President Recep...

Inflation hits women the hardest in male-dominated Turkey

Battered by soaring food prices, inflation and a plunging currency, Sümeyye Alayumat is among millions of Turkish women battling poverty in addition to inequality...

Turkey investigates 45 Twitter accounts due to ‘provocative’ posts about cooking oil prices

Turkish authorities have launched investigations into 45 Twitter users who posted “provocative posts or spread disinformation” about cooking oil prices in Turkey, the country's...

Turkey’s inflation woes pit tenants against landlords

Kicked out in the middle of a harsh Turkish winter, 30-year-old Erdem Yılmaz calculated that he spent two and a half months' salary to...

Turkey’s inflation surges to 54.4 percent, highest since 2002: official data

Turkey's annual inflation rate in February hit a two-decade high, data from the statistics agency showed Thursday, amid President Recep Tayyip Erdoğan's unorthodox policies...

Turkey cuts VAT on electricity to 8 pct amid protests over high energy bills

Turkey has reduced the sales tax on electricity used in residences and agricultural irrigation from 18 percent to 8 percent, President Recep Tayyip Erdoğan...

Turkey’s economy grew 11 percent in 2021: official data

Turkey's economy grew a powerful 11 percent in 2021 as expected, according to official data on Monday showing it bounced back strongly from the...

Workers across Turkey go on strike as inflation soars

Soaring inflation in Turkey has propelled a wave of strikes unlike any the country has seen since the 1970s, as workers demand more money...

Turkish central bank keeps interest rate stable despite soaring inflation

Turkey's central bank on Thursday kept its main interest rate steady again as the country faces soaring inflation that has put pressure on households...

International Statistical Institute reacts to ‘political interference’ harming TurkStat’s credibility

The International Statistical Institute (ISI) and the International Association for Official Statistics (IAOS) have released a joint written statement in which they expressed “deep...

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