Electricity increases are coming
Business Electricity used by the industrial sector has increased by 20 percent, effective October 1. There is no increase in residential electricity for now. Citizens are happy with this decision because their electricity bill will not increase. However, the growth of the industry will be reflected in a further increase in the prices of all products, from needle to thread, that citizens eat, drink and use in their daily lives.
Price increases occurred for thousands of products, from staple foods such as flour, bread, pasta, sugar, oil and milk to textiles, shoes, household appliances and medicines. The huge increase in commercial and industrial electricity will increase input costs, especially in sectors where electricity is used intensively. Among these sectors, the most important are steel, cement, chemicals, food and textiles. Since these sectors will directly reflect the rising costs of their products, there will be a new flurry of price increases in the market. These are the products whose prices are expected to increase due to the increase in industrial electricity:
FOOD INCLUDED
Prices of flour, bulgur, bread, pasta and sugar, which require a lot of electricity to produce, will be most affected by price increases. There will be a price increase for all products that use flour and sugar. In addition, further price increases will be inevitable for 1,000 types of foods, including oils, fats, staple foods such as milk, yogurt and eggs, alcoholic and non-alcoholic beverages, fermented products, prepared foods and baby foods. .
SOAP, DETERGENT…
A wave of price increases is also expected in the chemical industry, where electricity is widely used. There will be a price increase for all types of products, including soap, detergents, cleaning materials, paints, medical and agricultural drugs, fertilizers, synthetic fibers, all types of plastic products and packaging, cosmetics, leather and textile raw materials and matches.
Housing will also increase with construction costs.
Since iron and steel consume electricity intensively, cars, dishwashers, refrigerators and ovens will become more expensive. Prices of building materials, especially rebar, cement, ceramics, glass and glass products, doors, windows and paint, will increase, as will housing prices. Since the price of electricity for businesses, as well as industry, has increased, retail prices for all products, from food to clothing, from appliances to building materials, will also increase.
What products are expected to increase?
â– Flour
â– bulgur
â– bread
â– Pastas
â– Fat
â– Milk
â– yogurt
â– Medicine
â– Clothing
â– Shoes
â– Detergents
â– Cleaning supplies.
â– Appliances
â– Automotive
â– Housing
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.