Türkiye to pay special attention to inflation struggle

Türkiye’s new Vice President, Cevdet Yilmazu, has vowed to fight inflation, with this issue to be given special attention, RIA Novosti reports

Cevdet Yilmazu said that the restoration of eleven provinces in the southeast of the country, which were affected by the February six earthquakes, also remains among the priority issues.

“We will continue on our way with investment, employment, production and exports. We will work to ensure that the current deficit is not a problem. In this regard, we will pay special attention to the fight against inflation, which affects the lives of citizens. Other priorities include reconstruction of the provinces affected by the February earthquakes,” the new Vice President said.

The Turkish Bureau of Statistics reported on inflation results for May 2023: it amounted to 39.59 percent. The largest growth for the year was recorded in the average check for going to restaurants and staying in hotels, as well as for healthcare services – almost 70 percent.

The Central Bank of Türkiye predicts inflation at 22.3 percent by year-end.