Turkey: Dried onions make TUIK cry and the consumer too

Published 2023년 4월 4일

Tridge summary

The Turkish Statistical Institute (TUIK) and the Inflation Research Group (ENAG) have provided conflicting figures on Turkey's inflation rate, with TUIK reporting 50.51% and ENAG reporting 112.51% for the year to March 2023. Despite TUIK's figures showing a decrease in inflation from the previous year, the cost of living is still soaring, with the minimum wage having doubled and the prices of fruits and vegetables increasing by over 300% compared to the previous year. This has led to concerns about purchasing power and has forced sellers to adopt unconventional methods to offload their goods.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Turkish Statistical Institute (TUIK) announced the annual inflation rate as 50.51 percent. The Inflation Research Group (ENAG), on the other hand, announced that they calculated annual inflation as 112.51 percent. According to TURKSTAT, annual inflation was 61 percent in March 2022, and 142.63 percent according to ENAG. Compared to a year ago, inflation decreased by 30 points according to ENAG and 10 points according to TURKSTAT. However, the situation is the opposite in markets and markets. While the minimum wage doubles in one year, the prices of fruits and vegetables sold in markets and markets are more than 300 percent expensive compared to March 2022. ON ONION RECORD We compared the vegetable and fruit prices of the same market with the previous year. On March 6, 2022, a squash whose weight was 19 liras was sold for 3.68 liras. On March 5, 2023, the weight of zucchini is 39 liras, and each of them is 9.20 liras. Again, on the same date last year, the weight of eggplant in ...

Source: Diyarbakirsoz