Turkey's June consumer price index, which has not stopped rising prices, is at record levels, rising nearly 80% compared to the same month of the previous year.
Although the Erdogan administration has taken measures such as raising the minimum wage, public dissatisfaction is rising and the economy is becoming an unstable factor of the administration.
The Consumer Price Index for June, released by the Turkish Census Bureau on the 4th, rose 78.6% from the same month of the previous year, the highest level in 24 years since 1998.
By item,
▼ train and bus fares have increased by 123%, and
▼ food products have increased by 93%, making
civilian life even more difficult.
In response to the unstoppable rise in prices, the Turkish government has taken extraordinary measures on the 1st, following December last year, to raise the minimum wage, which is normally considered once a year.
In response to the rise in global prices, each country is trying to tighten its monetary policy by raising the policy interest rate, and in Turkey, the policy interest rate has been left unchanged for six consecutive months in line with President Erdogan's intention, which has spurred the rise in prices. It is pointed out that it is wearing.
President Erdogan has indicated that inflation will subside by around February next year, but public dissatisfaction is rising and the economy is becoming an unstable factor in the administration.