Turkey’s Erdogan says he is saddened by inflation at 36% in 2021 -Breaking
[ad_1]
ISTANBUL, Reuters – Turkey’s annual inflation of 2021 has risen to 36.1%. President Tayyip Turkey said Monday that he is saddened and his government will work to reduce it to the single digits.
Erdogan spoke after a cabinet meeting and said that the increase in inflation is due to higher commodity prices worldwide as well as a fall in the value of the Turkish lira (which lost almost 44% last year).
He stated that authorities will inspect excessive price increases and would announce additional support to civil servants’, pensioners’, and public officials’ salaries.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.
[ad_2]