Communication: Continuous high inflation caused the pressure of Turkish people to increase the life pressure greatly

Xinhua News Agency, Ankara, September 28th: ​​Continuous high inflation has increased the pressure on the life of Turkish people

Xinhua News Agency reporter Wang Tengfei

The price is getting higher and higher, the purchasing power has continued to decline, and Murat Yasul, a retired policeman living in Ankara, has recently felt the pressure of high inflation. He told reporters that a few years ago, the pension of worry -free food and clothing was increasingly not enough in the face of rising prices today.

The Federal Reserve has raised interest rates many times this year, and the US dollar has continued to strengthen. The exchange rate of Turkish lira to the US dollar has continued to decline. It has now fallen below 18 to 1, a record low in history. Affected by this, the Turkish economy was troubled by problems such as input inflation.

According to data from the Turkish Bureau of Statistics, the consumer price index of Turkey rose 80.21%year -on -year, setting the highest record since October 1998. Among them, the price of furniture and home equipment rose 92.02%year -on -year, and the price of food and non -alcoholic beverages rose 90.25%year -on -year. The inflation rate of Turkey has risen more than 12 months before.

Faced with all this, Yusal was helpless. He said that now he has to shrink his clothes and find a way to make money.

Turkish people feel real about inflation. In Ankara, the bread sold for 2 miles last year has now risen to 5 miles, and the price of daily necessities such as milk and flour has also risen more than doubled. Rental intermediaries told reporters that few people are willing to move, because once the house is changed, the rent price of the new contract will rise sharply. Data show that the housing price index in Turkey rose 160%year -on -year.

Yarqin Cara Taippe, a professor of finance at the University of Ankara, believes that if it does not introduce powerful measures to fight inflation, Turkey's high inflation situation is difficult to relieve in the short term. The Fed's interest rate hike brings adverse factors to the Turkish economy. Turkey was originally carrying international debt. The Fed's interest rate hikes made the dollar strong, which means that Turkey's repayment of debt will pay a greater price. In addition, the strengthening of the US dollar has led to a rise in imports in Turkey, which also has a greater burden on the Turkish economy.

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