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Turkish Prez vows to reduce inflation to single digits

By IANS | Updated: June 18, 2023 05:40 IST

Istanbul, June 18 Turkish President Recep Tayyip Erdogan has said that his government would focus on reducing inflation ...

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Istanbul, June 18 Turkish President Recep Tayyip Erdogan has said that his government would focus on reducing inflation to single digits from the current nearly 40 per cent.

"The uncertainty of the election time is now over. Our hand is stronger," Erdogan told Turkish exporters during a meeting of the Turkish Exporters Assembly in Istanbul, Xinhua news agency reported.

"We will reduce the inflation, which has been a headache also for the world, to single digits... Our new economic leadership will prioritize this issue," he said.

Türkiye's annual inflation fell to 39.59 per cent in May after hitting a 24-year high of 85.51 per cent in October last year, according to official data.

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: XinhuaXinhua NewsXinhua news agencyRecep tayyip erdoganXinhua news agency quoted comptroller of the royal householdXinhua news agency quoted seven newsXinhua news agency quoted the health ministryXinhua news agency quoted palestine liberation organization's executive committeeXinhua news agency quoted the national health commission
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