City
Epaper

Erdogan pledges to reduce inflation to single-digit

By IANS | Published: January 04, 2022 1:21 PM

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

Open in App

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
Open in App

Related Stories

InternationalSwitzerland: Several Wounded in Knife Attack in the Northern Swiss Town

InternationalIsrael-Hamas War: Gaza Strip Faces Cash Crunch As Hunger Deepens

InternationalIndonesia: US Geological Survey Says 5.7 Magnitude Earthquake Struck

InternationalGaza News: Israeli Forces Kill More Than 140 Palestinians and Arrest “Senior Hamas Officials” in Raid on Shifa Hospital

InternationalUkrainian Foreign Minister Welcomes European Union's 5 Billion Euros Military Aid Package

Politics Realted Stories

PoliticsPM Modi Reacts to Potential NCP (SP) Merger with Congress: Is Sharad Pawar Nervous about Baramati?

PoliticsArvind Kejriwal Counters PM Modi’s Critique of AAP Scheme, says “Why Can’t Women Get Free Bus Rides When....?"

Politics"Whatever I Have Learnt In Politics Has Been Taught By Amethi’s People": Rahul Gandhi

PoliticsExclusive Interview of PM Narendra Modi to Rishi Darda: Congress’ Shahzada Speaking Language of Maoists

PoliticsLok Sabha Election 2024: People of Maharashtra Have Been Greatly Supportive of the NDA, Says Prime Minister Narendra Modi