High inflation rate tests consumers'patience in Türkiye

**This is a 60-seconds sample of the video. For the full version, please contact us.**

High inflation rate tests consumers'patience in Türkiye

STORY: High inflation rate tests consumers' patience in Türkiye DATELINE: Sept. 9, 2023 LENGTH: 00:03:42 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish people on the streets and shopping 2. SOUNDBITE 1 (Turkish): MEHMET NURI SULAT, 70-year-old pensioner 3. SOUNDBITE 2 (Turkish): SAKINE YELGE, 57-year-old homemaker 4. SOUNDBITE 3 (Turkish): ISMAIL YIGIT, 67-year-old pensioner STORYLINE: Annual inflation in Türkiye hit 58.9 percent in August, with consumer prices increasing 9.09 percent from the previous month, according to official data released on Monday. Food costs increased significantly to a high of 72.9 percent year-on-year in August, putting an additional burden on struggling households. Türkiye is undergoing an economic overhaul since the appointment of market-friendly figures at key economic posts following the May general elections. More conventional monetary policies have been implemented, and interest rates have been significantly hiked but this has not helped ye

  • Product Code
  • ILEA001706224
  • Registered date
  • 2023/9/09 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 226.03(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May

    STORY: Türkiye's Istanbul receives nearly 7 mln foreign visitors in Jan-May SHOOTING TIME: Earlier footage DATELINE: June 27, 2024 LENGTH: 00:01:01 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul 2. various of tourists in Istanbul STORYLINE: Türkiye's Istanbul received nearly 7 million foreign visitors in the first five months of this year, setting a new record for foreign arrivals, according to data released by the Culture and Tourism Ministry on Wednesday. The data showed that the number of foreign visitors to Istanbul increased by 10.31 percent compared to the same period of the previous year. The metropolis welcomed 1.7 million foreign travelers in May alone, marking an 11.48 percent rise from last year and the highest number for the month. In May, the largest number of visitors to Istanbul came from Russia, followed by Germany, the United States, and Iran, according to the data. Meanwhile, in separate data, the ministry reported that from January to May,

      Afghans preparing to celebrate Eid al-Adha amid economic hardship

      STORY: Afghans preparing to celebrate Eid al-Adha amid economic hardship SHOOTING TIME: June 11, 2024 DATELINE: June 17, 2024 LENGTH: 00:02:06 LOCATION: Kabul CATEGORY: ECONOMY/CULTURE SHOTLIST: 1. various of a livestock market in Kabul 2. SOUNDBITE 1 (Dari): RAHMATULLAH, Kabul resident 3. various of a livestock market in Kabul 4. SOUNDBITE 2 (Dari): KHAN MOHAMMAD, Livestock seller 5. various of a livestock market in Kabul 6. SOUNDBITE 3 (Dari): EISA KHAN, Soft drink seller 7. various of a livestock market in Kabul STORYLINE: The people of Afghanistan begin to celebrate Eid al-Adha on Monday. However, the high rates of unemployment and poverty have drastically reduced the purchasing power of Afghan people, hindering their ability to shop. At an animal market on the western edge of Kabul, Rahmatullah, 28, sought to buy a sheep to sacrifice. SOUNDBITE 1 (Dari): RAHMATULLAH, Kabul resident "I am wandering in the bazaar but could not buy a sheep because of the high price. With the prices going up, no one ca

        Chinese economy extends upward trend amid policies to prop up growth

        STORY: Chinese economy extends upward trend amid policies to prop up growth SHOOTING TIME: June 17, 2024 & File DATELINE: June 17, 2024 LENGTH: 00:01:22 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (Chinese): LIU AIHUA, National Bureau of Statistics (NBS) spokesperson 3. various of workers sorting packages 4. various of construction sites 5. various of cars STORYLINE: The Chinese economy extended an upward recovery trend in May, as shown by faster consumption growth and steady expansion in industrial production, latest government data showed. Important economic indicators rebounded during the month amid government measures to prop up growth and promote high-quality development, the National Bureau of Statistics (NBS) spokesperson Liu Aihua said at a press conference in Beijing on Monday. SOUNDBITE (Chinese): LIU AIHUA, National Bureau of Statistics (NBS) spokesperson "Driven by such factors as macroeconomic policies taking effects, improving external demand and the May D

          U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools

          STORY: U.S. Fed keeps interest rates unchanged at 5.25-5.5 pct as inflation cools SHOOTING TIME: June 12, 2024 DATELINE: June 13, 2024 LENGTH: 00:01:26 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference STORYLINE: The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as the latest consumer price data shows that inflation seems to be cooling. In a statement after the two-day policy meeting, the Federal Open Market Committee (FOMC), the Fed's policy-setting body, reiterated that the committee does not expect it will be appropriate to reduce the target range "until it has gained greater confidence that inflation is moving sustainably toward 2 percent." In addition, the committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, the FOMC said. The Fed's announcement came just a few hours after the U.S. Labor Department reported that the

            India's retail inflation in 12-month low in May

            STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

              Türkiye aims for top 3 global travel destination status by 2028

              STORY: Türkiye aims for top 3 global travel destination status by 2028 SHOOTING TIME: June 7, 2024 DATELINE: June 8, 2024 LENGTH: 00:02:38 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of tourists in Türkiye 2. SOUNDBITE (Turkish): KAAN SAHINALP, Türkiye representative of German travel company TUI STORYLINE: Following a successful year in 2023, Türkiye is targeting a position among the world's top three travel destinations by 2028, industry officials said. Culture and Tourism Minister Mehmet Nuri Ersoy announced in May that Türkiye aims to attract 80 million foreign tourists annually within the next four years, aspiring to become one of the top three foreign tourist destinations globally. Currently, Türkiye ranks fourth. Türkiye's ambitious tourism plans are crucial for its economy, which relies heavily on tourism revenue. The nation welcomes millions of foreign visitors each year, providing vital income amid significant economic challenges. "This goal is attainable, but Türkiye has work to

                Türkiye's annual inflation exceeds 75 pct in May

                STORY: Türkiye's annual inflation exceeds 75 pct in May SHOOTING TIME: June 2-3, 2024/Archives DATELINE: June 4, 2024 LENGTH: 00:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in Istanbul, Türkiye (Shooting date: May 17, 2024) (courtesy of ihlas news agency) 2. various of people at a discount cafe in Samsun, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) 3. various of people at a fish bazaar in Düzce, Türkiye (Shooting date: June 3, 2024) (courtesy of ihlas news agency) 4. various of people shopping in Safranbolu, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate rose to 75.45 percent in May, the highest since November 2022, reaching the peak expected by the government and economists, according to official data released on Monday. Consumer prices rose by 3.37 percent in May, compared to an increase of 3.18 percent in April, as per data from the Turkish Statistical Institute. The highe

                  Turkish consumers' patience wears thin as inflation peaks at 75 pct

                  STORY: Turkish consumers' patience wears thin as inflation rate peaks at 75 pct SHOOTING TIME: June 3, 2024 DATELINE: June 4, 2024 LENGTH: 00:03:37 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Ankara 2. SOUNDBITE 1 (Turkish): SUAT ENGIN, Pensioner 3. various of Ankara 4. SOUNDBITE 2 (Turkish): NILGUN OZMEN, Pensioner 5. various of Ankara 6. SOUNDBITE 3 (Turkish): SELMA SONGUN, Housewife STORYLINE: With Türkiye's annualized inflation rate exceeding 75 percent in May, Turkish consumers are in desperate need of the relief promised by the government's disinflation efforts. Türkiye's inflation rate rose in May to 75.45 percent, official data revealed on Monday. That's the highest point since November 2022, and a significant jump from April's rate of 69.8 percent. "The worst is over," Treasury and Finance Minister Mehmet Simsek said on X after Monday's data release. The minister sought to reassure the public that relief is in sight. "We saw the highest level of annual inflation, which refl

                    Tokyo consumer inflation accelerates in May

                    STORY: Tokyo consumer inflation accelerates in May SHOOTING TIME: recent footage DATELINE: June 3, 2024 LENGTH: 00:00:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Core inflation in Tokyo continued to rise in May as utility costs expanded, government data showed. The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 1.9 percent in May from a year earlier, accelerating from a 1.6 percent rise in April, according to the internal affairs ministry. Seen as a leading indicator of nationwide trends in Japan, the Tokyo data released on Friday stood below the Bank of Japan's 2-percent target. The acceleration was largely pushed up by utility costs related to renewable energy promotion, as electricity bills increased for the first time in 16 months by rising 13.1 percent year on year. Meanwhile, prices of food excluding fresh items rose 3.2 percent, unchanged from the previous month. Xinhua News Agency correspondent

                      Turkish economy grows by 5.7 pct in Q1

                      STORY: Turkish economy grows by 5.7 pct in Q1 SHOOTING TIME: Recent footage DATELINE: June 1, 2024 LENGTH: 00:01:36 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an engine factory in Türkiye (courtesy of ihlas news agency) 2. various of textile factories in Türkiye (courtesy of ihlas news agency) 3. various of Türkiye's Treasury and Finance Minister Mehmet Simsek 4. various of an iron products factory in Türkiye (courtesy of ihlas news agency) 5. various of construction sites in Türkiye (courtesy of Hatay Municipality) STORYLINE: The Turkish economy grew 5.7 percent year-on-year in the first quarter of 2024, slightly above expectations, according to official figures on Friday. Thus, the Turkish economy has grown for 15 consecutive quarters since the second quarter of 2020, when COVID-19 pandemic measures were implemented, the data released by the Turkish Statistical Institute shows. Despite the ongoing monetary tightening policy, household consumption accelerated in the run-up to the local e