Economy2 hours within the past (Jan 03, 2022 12: 28PM ET)
© Reuters. FILE PHOTO: Of us store at a local market in Fatih district in Istanbul, Turkey January 13, 2021. Image taken January 13, 2021. REUTERS/Murad Sezer
ISTANBUL (Reuters) – President Tayyip Erdogan said on Monday he used to be saddened by Turkey’s 2021 annual inflation after it soared to 36.1%, including his executive used to be resolute to lower it to single digits.
Talking after a cabinet assembly, Erdogan additionally said the upward thrust in inflation used to be attributable to an amplify in world commodity costs and a decline of the lira, which lost as regards to 44% of its rate closing year.
He additionally said authorities would undercover agent exorbitant designate rises and announced extra lend a hand for civil servants’ and pensioners’ wages.
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