The Turkish economy is in a tragic state as a result of the attempt of Turkish President Recep Tayyip Erdogan to go against all the logic of the fundamental economy and to formulate his own policy, denying every basic principle and ignoring the needs of the people who voted for him and brought him to position that is today.
Increases in increases are brought to basic goods on the one hand by the weakening of the pound to unprecedented levels and on the other by galloping inflation.
The Cumhurriyet newspaper on its front page yesterday said that the price of bread would double to 6 pounds from 3 until yesterday, after a recent increase. In the last week there is a lack of oil on the supermarket shelves. Suppliers are expected to store the oil to sell it later at a higher price, despite warnings from Turkish President Recep Tayyip Erdogan that those who stockpile products will be severely punished.
Even before the 47% increase in fresh milk was implemented, the price of milk increased in supermarkets from 7.95 to 10 Turkish pounds per liter.
Prices for products such as cheese, butter and yogurt also rose by 3% to 15%.
In an effort to quell the growing reaction in the country, the ruling party’s vice president, Numan Kurtulmus, told the Turkish National Assembly about the 2022 budget that the salaries of civil servants and retirees would increase. 35%.
Petros Kranias
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Source From: Capital
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