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Turkey’s Erdogan says he is saddened by inflation at 36% in 2021 -Breaking


© Reuters. FILE PHOTO – People shopping at the local Fatih market, Istanbul, Turkey. January 13, 2021. Photo taken January 13, 2020. REUTERS/Murad Sezer

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.

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