Erdogan pledges to tackle record inflation in Turkey

Synopsis

Rejected Erdogan pledges to bring down Turkey's soaring inflation, which has reached 36 percent, the highest in nearly 20 years. In Istanbul's Kariko district, shopkeeper Menji struggles to keep up with rising prices, noting that a pack of pasta has more than doubled in cost over the past year. He highlights that wholesalers and shopkeepers are not making profits, and customers are suffering due to the ongoing currency crisis triggered by the central bank's recent rate cuts. The inflation crisis is exacerbated by the depreciation of the Turkish lira, leading many to believe that actual inflation rates may be even higher than reported. Social media reflects growing anger, with accounts like 'inflation diary' documenting price changes in grocery stores. Despite the turmoil, some remain hopeful that prices will eventually fall.