TURKEY-ISTANBUL-ENERGY PRICES-HIKES

TURKEY-ISTANBUL-ENERGY PRICES-HIKES

(220104) -- ISTANBUL, Jan. 4, 2022 (Xinhua) -- A taxi drives on a street in Istanbul, Turkey, on Jan. 3, 2022. A series of price hikes in natural gas, electricity, and petrol have further strained the livelihood of Turkish people, who are already mired in soaring inflation and national currency depreciation. (Xinhua/Shadati) TO GO WITH Roundup: Hikes in energy prices further strain Turks' livelihood

  • Product Code
  • ILEA000867913
  • Registered date
  • 2022/1/05 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 5568 × 3712 pixel
  • Resolution
  • dpi
  • Deployment size
  • 1.58(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Turkish currency dips against USD after fresh interest rate hike

    STORY: Turkish currency dips against USD after fresh interest rate hike SHOOTING TIME: Jan. 26, 2024 DATELINE: Jan. 27, 2024 LENGTH: 00:01:21 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of an exchange office in Istanbul 3. various of the Turkish Central Bank and Turkish lira 4. various of Murat Tufan, an analyst with Turkish broadcaster Ekoturk (file) 5. various of the Turkish Central Bank, Turkish lira 6. various of people walking on the street in Istanbul, Türkiye STORYLINE: The Turkish currency lira hit an all-time low against the U.S. dollar on Friday, one day after the central bank raised its key interest rate by 250 basis points to 45 percent. After testing 30.64 liras, one dollar stood at 30.32 liras at 11:10 a.m. local time (0810 GMT). During last June to December, the Turkish central bank raised interest rates from 8.5 percent to 42.5 percent to tame persistent inflation. According to the official data announced last Decembe
      Xinhua Headlines: Davos calls for rebuilding trust amid sluggish global growth outlook

      Xinhua Headlines: Davos calls for rebuilding trust amid sluggish global growth outlook

      (240114) -- GENEVA, Jan. 14, 2024 (Xinhua) -- People shop at a supermarket in Foster City, California, the United States, Jan. 11, 2024. U.S. consumer inflation in December 2023 accelerated to 3.4 percent from a year ago, after dropping to 3.1 percent in the previous month, amid rising shelter and energy prices, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua)

        U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices

        STORY: U.S. CPI accelerates to 3.4 pct in December amid rising shelter, energy prices SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:54 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of U.S. Labor Department (Nov. 4, 2023) 2. various of a grocery store in Arlington, the U.S. state of Virginia 3. various of a gas station in Arlington, the U.S. state of Virginia STORYLINE: U.S. consumer inflation in December 2023 accelerated to 3.4 percent from a year ago, after dropping to 3.1 percent in the previous month, amid rising shelter and energy prices, the U.S. Labor Department reported Thursday. The Consumer Price Index (CPI) increased 0.3 percent in December on a seasonally adjusted basis, after rising 0.1 percent in November, according to the department's Bureau of Labor Statistics. The index for shelter continued to rise in December, contributing over half of the monthly all-items increase. The energy index rose 0.4 percent over the month as increases in the electr
          U.S.-ECONOMY-CPI-DECEMBER

          U.S.-ECONOMY-CPI-DECEMBER

          (240112) -- SAN FRANCISCO, Jan. 12, 2024 (Xinhua) -- People shop at a supermarket in Foster City, California, the United States, Jan. 11, 2024. U.S. consumer inflation in December 2023 accelerated to 3.4 percent from a year ago, after dropping to 3.1 percent in the previous month, amid rising shelter and energy prices, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua)

            Turkish currency hits historic low against U.S. dollar

            STORY: Turkish currency hits historic low against U.S. dollar SHOOTING TIME: Jan. 11, 2024 DATELINE: Jan. 12, 2024 LENGTH: 00:01:10 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of exchange office 3. various of Turkish Central Bank, Turkish lira 4. various of people walking on street in Istanbul, Türkiye STORYLINE: The Turkish currency hit an all-time low against the U.S. dollar on Thursday, trading at over 30 liras per dollar. One dollar was traded at 30.01 liras at 10:25 a.m. local time (0725 GMT). The Turkish currency has lost over 37 percent of its value since last year and depreciated by 1.6 percent against the dollar in the first 10 days of 2024. Murat Sagman, an economist and portfolio manager, recalled that it was only in 2013 that a dollar was worth 2 liras. Economist Duran Bulbul warned that the dollar exchange rate may move towards 40 liras soon, under such challenges as high inflation. "The greenback will first smash th
              U.S.-ECONOMY-CPI-DECEMBER

              U.S.-ECONOMY-CPI-DECEMBER

              (240112) -- SAN FRANCISCO, Jan. 12, 2024 (Xinhua) -- People shop at a supermarket in Foster City, California, the United States, Jan. 11, 2024. U.S. consumer inflation in December 2023 accelerated to 3.4 percent from a year ago, after dropping to 3.1 percent in the previous month, amid rising shelter and energy prices, the U.S. Labor Department reported Thursday. (Photo by Li Jianguo/Xinhua)

                Istanbul's 2023 annual inflation nears 75 percent

                STORY: Istanbul's 2023 annual inflation nears 75 percent SHOOTING TIME: file footage DATELINE: Jan. 3, 2024 LENGTH: 00:01:03 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of people walking in the city center in Istanbul, Türkiye 3. various of people shopping in supermarket in Istanbul, Türkiye STORYLINE: The annual inflation for retail prices in Türkiye's largest city, Istanbul, reached 74.88 percent year-on-year in 2023, the Istanbul Chamber of Commerce (ITO) reported Tuesday. Data from ITO, one of the world's largest chambers with over 700,000 members, showed that monthly inflation for retail prices in the city of nearly 16 million people increased by 3.52 percent in December. The highest price increases in December were reported for "health and personal care," followed by "culture, education and entertainment" and food products, with 5.15, 5.10, and 4.90 percent hikes respectively. In line with the newly announced data, shops in Kur

                  Türkiye's hiking inflation may ease in mid-2024: Turkish economist

                  STORY: Türkiye's hiking inflation may ease in mid-2024: Turkish economist SHOOTING TIME: Dec. 28, 2023 DATELINE: Dec. 29, 2023 LENGTH: 0:02:48 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets and shopping in Türkiye 2. various of Turkish Central Bank 3. various of Turkish lira 4. SOUNDBITE (Turkish): ARDA TUNCA, Istanbul-Based Economist And Columnist STORYLINE: Türkiye has been struggling with economic woes due to high inflation, sharp depreciation of the currency and rising borrowing costs. Arda Tunca, an Istanbul-based economist and columnist, told Xinhua in a recent interview, that the effect of the Turkish government's monetary-tightening measures to curb inflation is likely to be felt starting mid-2024. SOUNDBITE (Turkish): ARDA TUNCA, Istanbul-Based Economist And Columnist "The monetary tightening that we witnessed since June has prepared the base of what is coming next. This was a preparatory period. From now on, we can expect the effect of these measures on infl

                    Price rises, tax hikes make Turks feel worse-off

                    STORY: Price rises, tax hikes make Turks feel worse-off DATELINE: July 15, 2023 LENGTH: 00:03:24 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets in Türkiye 2. various of Turkish Lira and U.S. dollar 3. various of people at shopping in a fresh vegetable bazaar in Türkiye 4. SOUNDBITE 1 (Turkish): JALE TASIYAN, Hotel Employee 5. SOUNDBITE 2 (Turkish): MURAT KOCAS, Graduate student in Civil Engineering STORYLINE: Turkish consumers are facing a new wave of stinging price increases and tax hikes as the value of the national currency continues dipping against the background of a cost-of-living crisis. Jale Tasiyan, a 46-year-old hotel employee, told Xinhua that mounting living expenses are forcing him to consider leaving Türkiye. SOUNDBITE 1 (Turkish): JALE TASIYAN, Hotel Employee "I want to leave Türkiye. I want to take my children and my family to live in Germany. Life is very expensive here, it is impossible to make ends meet in Türkiye anymore, even though three people are

                      Turks flock to Georgia to buy smartphones ahead of tax hikes

                      STORY: Turks flock to Georgia to buy smartphones ahead of tax hikes DATELINE: July 11, 2023 LENGTH: 00:01:21 LOCATION: ISTANBUL, Türkiye CATEGORY: SOCIETY SHOTLIST: 1. various of Türkiye-Georgia border, long car traffic of people trying to get to Georgia 2. various of Türkiye-Georgia border, people going to Georgia at the customs building STORYLINE: Turkish people have flooded into neighboring Georgia to buy smartphones ahead of tax hikes, local media reported on Monday. A convoy of vehicles lined up on the border between the two countries over the last weekend, while some Turks were seen to have walked across the frontier before the latest tax hikes took effect on Monday, Sozcu TV reported. The government decided to increase the fees for registration of smartphones bought abroad by 228 percent, from 6,091 Turkish liras (233 U.S. dollars) to 20,000 liras. Mobile phones are already expensive in Türkiye because of the depreciation of the lira and the latest tax raise pushed the prices even higher