Calis Beach and Fethiye Turkey Discussion Forum

Turkey Related Subjects => Cost of Living in Turkey => Topic started by: Colwyn on August 07, 2014, 10:40:44 AM

Title: Food Inflation to Rise Further?
Post by: Colwyn on August 07, 2014, 10:40:44 AM
One of the reasons for food prices in Turkey, especially meat, being so high - food inflation was higher than 12.5% year-on-year in July - is the large amount of meat and other produce being exported from Turkey to Russia. This brings in much needed foreign currency, but also means there is less supply to the home market thus driving up prices. Now Putin has imposed a ban on meat and other foodstuffs imported from the EU and USA, Russia will be looking to other sources of supply. Turkey seems an obvious choice.