Statement by Kavcıoğlu on Food Prices

At the beginning of the issues that Turkey has been discussing for years, economy is coming. In particular, the high exchange rate and inflation experienced in recent years has reduced the purchasing power of the citizens. Although it is stated that there are different reasons for this, the latest statements are now that some things are happening to the authorities. that you are aware it reveals.

Chairman of the Central Bank of the Republic of Turkey (CBRT) Şahap Kavcioglumade some statements on the subject. Evaluating the agenda in his statements, Kavcıoğlu accepted the increase in food prices. He also stated that price increases in Turkey are at the top of the world. Expressing that this is directly reflected in inflation, President Kavcıoğlu said that with the acceleration of the normalization process, prices also increased. believe it will return to normal stated.

“We are in a process where global inflation accelerates”

CBRT Chairman Şahap Kavcıoğlu; “global inflation is accelerating We are going through a process. Global production could not keep up with the increase in demand.He underlined that high inflation is not only specific to Turkey. Speaking about the reasons for high inflation in Turkey, the Chairman of the CBRT said, commodity of prices He said it was the biggest factor. “As the normalization of pricing behavior accelerates, will return to normal we think.Kavcıoğlu also explained how the solution would be.

In the statements made by Kavcıoğlu; “In the process of opening up and economic normalization, energy and service prices in the world significant increases is seen. With global central banks, energy and high-rate price increases in some sectors caused by the epidemic, the normalization in the demand composition, the easing of supply constraints and the elimination of base effects. it will be temporary they are thinking. These factors will also have a disinflationary effect in our country in the coming period.‘ was also included.