Citibank published the analysis report “Turkish Supermarket Companies”, which examines the effects of exchange rate and inflation pass-through on retailers in Turkey.

In the report, it was noted that although the exchange rate pass-through to the Consumer Price Index (CPI) in the country increased remarkably in two years, Turkish retailers continued to increase their sales and profits without being affected by inflation.

150 PERCENT INCREASE IN OPERATING INCOME IN 3 MARKETS

In the report, which noted the effect of exchange rate and inflation pass-through on retailers in Turkey, it was stated that large retailers in Turkey reflected product price increases directly to consumers.

In the report, it was noted that the operating profit of 3 publicly traded supermarkets has increased by 150 percent in dollar terms since 2018, and large retailers are forecast to continue growing by taking a share of the traditional. channels (BRITISH AUTOMOBILE CLUB)