Turkey’s Erdogan says he’s saddened by inflation at 36% in 2021

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Financial systemJan 03, 2022 12: 28PM ET

Turkey's Erdogan says he is saddened by inflation at 36% in 2021
© Reuters. FILE PHOTO: Folks store at a native market in Fatih district in Istanbul, Turkey January 13, 2021. Image taken January 13, 2021. REUTERS/Murad Sezer

ISTANBUL (Reuters) – President Tayyip Erdogan mentioned on Monday he was saddened by Turkey’s 2021 annual inflation after it soared to 36.1%, adding his authorities was walk to lower it to single digits.

Talking after a cupboard meeting, Erdogan additionally mentioned the upward push in inflation was attributable to an expand in global commodity prices and a decline of the lira, which lost nearly 44% of its cost closing one year.

He additionally mentioned authorities would gape exorbitant designate rises and announced extra aid for civil servants’ and pensioners’ wages.

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