Food prices increased by 160 percent in one year in Turkey: Study

A recent study by the United Confederation of Public Servants has shown that food prices rose by 159.6 percent in one year in Turkey, putting an enormous strain on citizens' budget.

Tuesday May 24 2022 03:03 pm

Duvar English

A confederation representing unions of public workers has revealed that food prices in Turkey saw an increase of 159.6 percent compared to a year ago, according to reporting by online news outlet Diken.

The latest research of the United Confederation of Public Servants (Birleşik Kamu-İş) has created a “shopping basket” consisting of 64 basic good prices that are regularly bought by consumers in supermarkets. The research named “People's Inflation” has shown that people paid 159.6 percent more in May 2022 to buy these goods compared to May 2021.

The price of the “shopping basket” saw an increase of 65.5 percent over the period of January-May 2022.

In April, the government-run Turkish Statistical Institute (TÜİK) reported an annual inflation rate of 69.97 percent, the highest in two decades, whereas the independent inflation group ENAG put the figure at 156.86 percent.