Turkish retailers agree to reduce prices to curb inflation

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Turkish retailers agree to reduce prices to curb inflation

STORY: Turkish retailers agree to reduce prices to curb inflation DATELINE: Jan. 7, 2023 LENGTH: 00:01:07 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Istanbul 2. various of shops in Istanbul STORYLINE: Major retailers in Türkiye have agreed to freeze the price of some consumer goods to curb inflation after a series of talks with the government. Yavuz Altun, chairman of the Retail Committee of the Istanbul Chamber of Commerce and CEO of Happy Center supermarkets, announced that "retail prices will drop in parallel with the decline in inflation." In a written statement released Wednesday, Altun said he had met with persons in charge from other supermarket chains, and all had confirmed they would not be raising prices. Other supermarkets publicly announcing price reductions are Sok, Migros, and Carrefour, which have agreed to fix prices for January and even offer discounts on various items. Turkish households have been battling with high energy, food, and housing c

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