Prices increased 9 times, purchasing power is in decline
After the transition to the Presidential System of Government, Turkey found itself dragged into an almost inextricable crisis. With the increase in inflation with the New Economic Model, the livelihood of the people increased. According to data released by the Turkish Statistical Institute in October 2022, annual inflation rose to 85.5 percent. Although Turkey ranked first in Europe and among the G-20 countries with this figure, it became a dream for citizens to access basic food, rent a car and buy a car. Although the period of purchases with weight ended, it was not a solution for citizens to buy fruits and vegetables one by one. Healthy for low income
Feeding became more difficult.
THE PRICES DID NOT STOP
In 2014, from a well-known supermarket chain; A photo of the receipt of 62.23 TL paid for a purchase that does not include basic food items such as meat, cheese, yogurt and eggs and includes products called “junk food” has been shared on social media. Today, the price of the same basket has increased 9 times to 580 TL. Citizens whose purchasing power did not increase according to the prices of products said: “There is nothing cheap left in the country. Although eating and drinking are our most basic needs, we cannot achieve them. Türkiye has sunk, sunk, sunk, sunk,” his reaction showed.
– Ayten Alkın: My purchasing power has collapsed 10 times
My purchasing power has collapsed 10 times. In which supermarket and what foods do I look for cheap? Türkiye sank, sank, sank.
– Yaşar Temizer: We are in a pathetic situation
There is nothing cheap left in the country. The situation in the country worsens day by day. We really are in a pathetic situation.
– Oya Sütçü: That they fight against inflation
They are not fighting inflation. Let them fight inflation not by oppressing us, but by stopping inflation.
– İbrahim Durmuş: Everything will be more expensive
As a student, there is no product that I have no problem buying. Everything will probably get more expensive.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
