ILEA000971509: TURKEY-ISTANBUL-FOOD PRICES

French bakers worry about rising energy prices

STORY: French bakers worry about rising energy prices DATELINE: Jan. 11, 2023 LENGTH: 00:01:48 LOCATION: LYON, France CATEGORY: ECONOMY SHOTLIST: 1. various of a baker making bread 2. SOUNDBITE (French): ADRIEN FAGES, Baker 3. various of bread for sale 4. bread close-ups STORYLINE: With the new electricity tariffs, some French bakeries are facing a very significant increase in their energy cost. SOUNDBITE (French): ADRIEN FAGES, Baker "In the post-pandemic era, we first met the difficulty of inflation of raw materials, such as wheat, dairy products and canned fruit. Now the difficulty is energy. Our cost has increased by at least 50 percent because flour increased by around 20 to 30 percent, and the price of energy for my bakery has multiplied by three times." The European countries have been suffering under painfully high energy prices as a consequence of the Russia-Ukraine conflict, as well as the COVID-19 pandemic and the spillover of the United States' aggressive interest rate hikes. Xinhua News Age

Türkiye's inflation hits new 24-year high of 85 pct

STORY: Türkiye's inflation hits new 24-year high of 85 pct DATELINE: Nov. 4, 2022 LENGTH: 00:00:51 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Turks shopping STORYLINE: The Turkish Statistical Institute said on Thursday that Türkiye's annual inflation surged to 85.51 percent in October, the highest in 24 years. According to the data, consumer prices increased by 3.54 percent from the previous month. The highest annual price surge was in the transportation sector with 117.5 percent. The cost of food and non-alcoholic drinks increased by 99.05 percent, while furnishings and household equipment prices were up 93.63 percent. The domestic producer price index climbed 7.83 percent month-on-month in October, with an annual rise of 157.69 percent. Inflation in Türkiye has been on an uninterrupted rise since May 2021. Turkish households have seen a sharp decline in their purchasing power despite government anti-inflation measures and salary increases. Xinhua News Agency correspondents reporting

Italy's inflation reaches nearly 40-yr high in October: statistics

STORY: Italy's inflation reaches nearly 40-yr high in October: statistics DATELINE: Nov. 1, 2022 LENGTH: 00:01:31 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of the views in Rome STORYLINE: Prices in Italy jumped by 11.9 percent in October compared to the same month a year ago, the highest in nearly four decades, according to provisional data released by the National Statistics Institute (ISTAT) on Friday. The figure was 3 percentage points above the then-record 8.9-percent of annual inflation in September, and it was the highest since 1983 in Italy. It was also the first time that the country's inflation experienced double digits since Italy's adoption of the euro currency in 1999. The main driver behind the price increase was the rising energy costs sparked by the conflict between Russia and Ukraine. But even the "core" inflation rate -- which excludes energy and food costs given their susceptibility to international market forces -- rose by 5.3 percent in October. Costs for service

Türkiye's inflation hits 24-year high of 80.21 pct in August

STORY: Türkiye's inflation hits 24-year high of 80.21 pct in August DATELINE: Sept. 6, 2022 LENGTH: 00:01:21 LOCATION: Ankara CATEGORY: SOCIETY SHOTLIST: 1. various of people shopping at a discount market in Türkiye (courtesy of Ihlas news agency) 2. various of Turkish central bank 3. various of Turkish lira 4. various of Turkish President Recep Tayyip Erdogan (courtesy of Turkish Presidency) STORYLINE: Türkiye's annual inflation hit 80.21 percent in August, the highest in 24 years, the Turkish Statistical Institute announced Monday. The transport sector recorded an annual price surge of 116.87 percent, the cost of furnishings and household equipment increased by 92.02 percent, and food and non-alcoholic drinks prices by 90.25 percent, according to the institute. Consumer prices increased by 1.46 percent month on month in August, while the domestic producer price index (PPI) climbed by 2.41 percent. The PPI's annual rise was 143.75 percent in the same month. Türkiye is facing financial woes unseen in de

Türkiye's inflation to start to ease sharply in December: minister

STORY: Türkiye's inflation to start to ease sharply in December: minister DATELINE: Aug. 24, 2022 LENGTH: 00:01:06 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of city views 2. various of people walking on the street 3. various of bank staff counting money 4. various of exchange rate STORYLINE: Türkiye's annual inflation rate will start to ease sharply in December and the fall will continue in 2023, the country's Treasury and Finance Minister Nureddin Nebati said Tuesday. The reason behind the rapid increase in the country's inflation rate in the first seven months was the Turkish lira's loss of value, but the rise has been eased recently, Nebati told the NTV news channel. Türkiye's annual inflation hit 79.6 percent in July, the highest level in 24 years. The country is facing financial woes unseen in decades. The Turkish lira has been plunging since the outbreak of the COVID-19 pandemic in early 2020. The Russia-Ukraine conflict that erupted in late February has worsened the situat

Türkiye's inflation hits 24-year high of 79.6 pct

STORY: Türkiye's inflation hits 24-year high of 79.6 pct DATELINE: Aug. 4, 2022 LENGTH: 0:00:58 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Ankara 2. various of Turkish lira and the exchange office STORYLINE: Türkiye's annual inflation hit 79.6 percent in July, the highest level in 24 years, according to official data on Wednesday. Consumer prices increased by 2.37 percent month-on-month in July, the Turkish Statistical Institute announced, adding that the annual rate of consumer price was 78.6 percent in June. The highest annual price surge was in the transportation sector with 119.11 percent. The cost of food and non-alcoholic drinks increased 94.65 percent, while furnishings and household equipment prices were up 88.35 percent. The domestic producer price index climbed 5.17 percent month on month in July, with an annual rise of 144.61 percent. The country is undergoing financial woes unseen in decades, with the Turkish lira plunging since the outbreak of th

Turkey's inflation hits two-decade high of 78.6 pct

STORY: Turkey's inflation hits two-decade high of 78.6 pct DATELINE: July 5, 2022 LENGTH: 0:01:04 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. Turkish central bank 2. various of the lira 3. various of marketplaces STORYLINE: Turkey's annual inflation surged to 78.62 percent in June, the highest since 1998, the Turkish Statistical Institute announced on Monday. It said the consumer prices increased by 4.95 percent month-on-month in June. The highest annual price surge was in the transportation sector with 123.37 percent. The cost of food and non-alcoholic drinks increased 93.93 percent, while furnishings and household equipment prices were up 81.14 percent, according to the official statistics. The domestic producer price index climbed 6.77 percent month-on-month in June, with an annual rise of 138.31 percent. Turkey's annual inflation was 73.5 percent in May. The country is undergoing financial woes unseen in decades, with the Turkish lira losing its value since the COVID-19 pandemic

Sweden experiences highest inflation in three decades

STORY: Sweden experiences highest inflation in three decades DATELINE: June 15, 2022 LENGTH: 00:02:03 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of a shopping mall 2. various of a petrol station 3. various of street views STORYLINE: Swedish consumers are witnessing the highest inflation since 1991, with consumer prices, measured with a fixed interest rate, rising from 6.4 percent in April to 7.2 percent in May, Statistics Sweden said on Tuesday. Energy prices saw the biggest increases, with fuel prices surging by 41.8 percent in a year and electricity prices rising by 33.6 percent. In contrast to prior years, when the price of power dropped in the spring as a result of declining demand, it rose by 4.1 percent in May. Food price has increased significantly as well. Meat prices rose by 4.4 percent in May, while the cost of eggs and dairy products grew by 3.5 percent from April to May. Meanwhile, costs of owning a condominium rose by 7.2 percent compared with May 2021. House owners

Tunisia to raise interest rate as inflation hits new high

STORY: Tunisia to raise interest rate as inflation hits new high DATELINE: June 12, 2022 LENGTH: 0:01:29 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of a fast food store in Tunis 2. various of a grocery store in Tunis 3. various of a supermarket in Tunis STORYLINE: Tunisian Central Bank announced on Friday that due to the current high inflation rate in Tunisia, the Central Bank will raise the key interest rate to 7 percent. According to data released by the Central Bank, Tunisia's inflation rate reached 7.8 percent in May, the highest in recent years. The ballooning inflation was driven by the increasing food and energy prices in the international market caused by the conflict between Russia and Ukraine. Tunisia relies on imports for its main food and energy, which has led to a general rise in the domestic prices of various commodities. Tunisia currently has only 8 billion U.S. dollars in foreign exchange reserves. Local economic analysts say that if inflation keeps rising, the local politi

TURKEY-INFLATION-CPI-SURGE

(220607) -- ISTANBUL, June 7, 2022 (Xinhua) -- Vegetables are pictured at a market in Istanbul, Turkey, June 6, 2022. Turkey's consumer price index (CPI) surged by 73.5 percent year-on-year in May, hitting a record high since October 1998, the Turkish Statistical Institute announced Friday. (Xinhua/Shadati)

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