This is junk food inflation.
President Erdoğan shopped at the Agricultural Credit Cooperative sales store located near his home in Kısıklı, Istanbul on October 3, 2021.
Accompanied by his wife Emine Erdoğan, his daughter Sümeyye Erdoğan Bayraktar and his granddaughter Canan Aybüke, Erdoğan filled two shopping carts with products such as chips, nuts, cookies, wafers and fruit juices.
Erdoğan, who paid 1,002 lira in total, said in his statement at the exit of the market: “As you can see from our Agricultural Credit Cooperatives, the market here is actually quite affordable in terms of various products, quality and prices. “It’s really a place where prices are affordable for our citizens,” he said.
Using a photograph of Erdoğan taken in front of the aisle of cookies, wafers and crackers while shopping, SÖZCÜ examined the price movements of these products over the past two years.
The results of the new economic policy, which caused the Turkish lira to reach historic lows, are also seen in the corridor that Erdoğan faces. The evolution of the prices of snacks consumed by citizens overwhelmed by increases in taxes, basic foodstuffs and fuel increases, since October 2021 is as follows:
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.
