President Erdogan Made An Exorbitant Price Statement

President Erdogan made an exorbitant price statement. Erdogan said, "The problems are caused by inflation, we will prevent exorbitant price increases."

President Recep Tayyip Erdogan reiterated his messages on the fight against inflation. At the ceremony of the Craftsmen Meeting in the Footsteps of Ahi Evran in Kırşehir, Erdogan said, "We know the problem about the high cost of living caused by inflation. We will prevent the exorbitant prices." President Recep Tayyip Erdogan gave similar messages last week, following these messages, the Ministry of Commerce started simultaneous inspections in cases. While consumer inflation was announced as 19.25 percent in August, above the expectations, real interest rates fell into the negative region according to the realized inflation. In the consumer inflation, especially the food group drew attention. Food inflation reached its highest level in 28 months with 29 percent. In August, the gap between consumer inflation and producer inflation continued to widen, setting a new record. The contribution of food prices to inflation was pointed out in the August inflation assessment of the CBRT. In its assessment, the Central Bank of the Republic of Turkey also stated that the annual inflation of core inflation indicators slowed down.