Turkey to open 1,000 markets to counter high inflation, says Erdogan
The Peninsula
ISTANBUL: President Tayyip Erdogan said on Sunday Turkey had ordered agricultural cooperatives to open about 1,000 new markets across the country to provide "suitable" prices for consumer goods in the face of nearly 20% annual inflation.
Construction would quickly begin on the shops to provide Turks "cheap and high quality goods" and to "balance out markets", he said, after consumer price rises to levels well above a 5% official target.
Frustrated by stubbornly double-digit inflation and sliding opinion polls, Erdogan's ruling AK Party government has again begun pointing the finger at supermarkets and opened probes into potential exploitative pricing.
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