Tenpin
The Yorkshireman
Price hikes in raw materials fuel food inflation, says Turkish chamber
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Stockpiling prompted by the pandemic, price hikes in raw materials, exchange rate volatility, increasing input costs, and speculative acts are among the reasons for food price inflation in Turkey, according to sectoral professionals.
Retail prices of sunflower oil, dairy products, and eggs soared over 25 percent in recent weeks, forcing customers to leave supermarkets with lighter shopping bags amid grumbles.
Stockpiling prompted by the pandemic, price hikes in raw materials, exchange rate volatility, increasing input costs, and speculative acts are among the reasons for food price inflation in Turkey, according to sectoral professionals.
Retail prices of sunflower oil, dairy products, and eggs soared over 25 percent in recent weeks, forcing customers to leave supermarkets with lighter shopping bags amid grumbles.