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Erdogan pledges to reduce inflation to single-digit

By IANS | Updated: January 4, 2022 13:35 IST

Ankara, Jan 4 Turkish President Recep Tayyip Erdogan has vowed to decrease the country's inflation back to single-digit ...

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Ankara, Jan 4 Turkish President Recep Tayyip Erdogan has vowed to decrease the country's inflation back to single-digit levels after the annual inflation surged to 36.08 per cent, the highest since 2002.

"Whatever the reason is, we are in sorrow that our citizens are faced with such a picture," Erdogan said at a press conference after a cabinet meeting.

The government is determined to decrease the inflation to single digits as soon as possible, he said, recalling that they had managed to reduce to 6 per cent in the past, reports Xinhua news agency.

The civil servants and pensioners in the country will be supported by new economic measures, he said.

Erdogan said they will increase salaries for civil servants by 30.5 per cent and they will ensure an inflation level-based increase in the pensions of the retired citizens.

Salaries for any pensioners will not be lower than 2,500 Turkish Lira ($192), he stated.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Xinhua News AgencyRecep tayyip erdogan
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