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

    Australian inflation rate slows to 3.6 pct

    STORY: Australian inflation rate slows to 3.6 pct SHOOTING TIME: April 26, 2024 DATELINE: April 28, 2024 LENGTH: 0:02:07 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket 2. various of street views in Australia STORYLINE: Australia's annual rate of inflation has fallen to 3.6 percent, according to official figures published by the Australian Bureau of Statistics (ABS) on Wednesday. The figure showed that the consumer price index (CPI) rose by 1.0 percent in the first three months of 2024 and 3.6 percent in the 12 months to the end of March. It marks a fall from a 4.1 percent rise in the CPI in the 12-month period to the end of December 2023. The ABS identified rising costs of education, health, housing, food and non-alcoholic beverages as the most significant drivers of inflation in the first quarter of 2024. Housing prices were 0.7 percent higher at the end of March than at the start of 2024 and 4.9 percent higher than 12 months earlier. Education costs rose 5.

      Bank of Japan keeps interest rate unchanged, yen sinks below 156

      STORY: Bank of Japan keeps interest rate unchanged, yen sinks below 156 SHOOTING TIME: file DATELINE: April 27, 2024 LENGTH: 00:01:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of city view in Tokyo 3. various of fresh food in supermarkets 4. various of city view in Tokyo STORYLINE: The Japanese central bank on Friday maintained its policy rate unchanged after wrapping up its two-day policy meeting, which sent the Japanese yen to its fresh 34-year low past the 156 line. The Bank of Japan (BOJ) decided to guide short-term interest rates in a range of zero and 0.1 percent, a month after it ended the negative interest rate policy in its first rate hike in 17 years. The announcement weakened the country's currency against the U.S. dollar to the lowest level since May 1990, raising the risk of forex intervention by Japanese authorities. The BOJ, which also maintained its policy regarding government bond buying, said the country's core inflation, which excludes volatile

        Uncertainties in U.S. economic policies add to strain on Turkish economy -- experts

        STORY: Uncertainties in U.S. economic policies add to strain on Turkish economy -- experts SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:02:04 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city in Türkiye 2. various of Murat Tufan, an analyst with Turkish broadcaster Ekoturk, in Istanbul, Türkiye 3. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 4. shot of Grand Bazaar in Istanbul, Türkiye 5. SOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 6. shot of Grand Bazaar in Istanbul, Türkiye 7. SOUNDBITE 3 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk 8. shot of Mehmet Ali Yildirimturk, a financial analyst in Istanbul, Türkiye 9. SOUNDBITE 4 (Turkish): MEHMET ALI YILDIRIMTURK, Financial analyst 10. shot of Grand Bazaar in Istanbul, Türkiye 11. SOUNDBITE 5 (Turkish): MEHMET ALI YILDIRIMTURK, Financial analyst STORYLINE: Uncertainties in U.S. monetary policy and high inflation in t

          Inflation in Sweden slows down in March

          STORY: Inflation in Sweden slows down in March SHOOTING TIME: April 12, 2024 DATELINE: April 13, 2024 LENGTH: 00:01:30 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Statistics Sweden (SCB) 2. various of supermarkets 3. various of Stockholm's streets STORYLINE: Inflation in Sweden slowed from 4.5 percent in February to 4.1 percent in March, Statistics Sweden (SCB) said on Friday. Mikael Nordin, a statistician at SCB, said that the cost of certain goods had decreased from the same period last year. SCB said that inflation, measured as the Consumer Price Index (CPI), was mainly driven by mortgage costs rising by 39.3 percent for apartment owners. Meanwhile, tenants paid 5 percent higher rents for their apartments than a year earlier. However, increasing housing costs were offset by cheaper diesel and electricity -- down by 17.5 percent and 9.1 percent respectively year-on-year, SCB said. Besides increased lending costs due to the Swedish central bank raising the benchmark interest rate f

            Japan's real wages shrink for 23rd straight month

            STORY: Japan's real wages shrink for 23rd straight month SHOOTING TIME: file DATELINE: April 9, 2024 LENGTH: 00:00:41 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo 2. various of supermarkets in Tokyo 3. various of street views in Tokyo STORYLINE: Japan's average monthly wages in inflation-adjusted terms logged the 23rd straight month of decline in February as price increases continued to outpace nominal earnings growth, official data showed on Monday. Inflation-adjusted real wages, a barometer of consumer purchasing power, fell 1.3 percent from the same month last year, according to the Ministry of Health, Labor and Welfare. Nominal monthly earnings, including base pay and overtime, rose 1.8 percent from a year ago to reach 282,265 yen (about 1,859.8 U.S. dollars). Regular pay including basic salary in February went up 2.0 percent year on year, while overtime pay, a gauge of business activity, went down 1.0 percent. Meanwhile, the consumer price index exclu

              Inflation, rising prices dampen Eid festivities in Türkiye

              STORY: Inflation, rising prices dampen Eid festivities in Türkiye SHOOTING TIME: April 7, 2024 DATELINE: April 8, 2024 LENGTH: 00:02:53 LOCATION: Ankara CATEGORY: SOCIETY SHOTLIST: 1. various of people on the streets and shopping for Ramadan in Türkiye 2. SOUNDBITE 1 (Turkish): ERTAN OZTURK, Candy vendor at Ankara's bazaar 3. SOUNDBITE 2 (Turkish): MUSTAFA YUKSEL, Jewellery shop manager at Ankara's historic Ulus neighborhood STORYLINE: Soaring prices in Türkiye have pushed consumers to tighten their purse strings this festive season, one of the toughest in years as households struggle to contend with soaring prices. Annual consumer price inflation rose to 68.5 percent in the Muslim-majority nation. Over 85 million are faced with the worst economic woes in decades. At markets in Türkiye's capital city Ankara, consumers say soaring prices meant they would not be able to celebrate Eid in the same way as in past years, and they have to settle for less. Small business owners are also feeling the sting of hig

                Türkiye's annual inflation rate hit 68.5 pct in March

                STORY: Türkiye's annual inflation rate hit 68.5 pct in March SHOOTING TIME: April 3, 2024 DATELINE: April 4, 2024 LENGTH: 0:01:18 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of a discount butcher in Türkiye (courtesy of ihlas news agency) 2. various of people shopping in a bazaar in Türkiye (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate hit 68.5 percent in March, up from 67.1 percent in February, official data showed Wednesday. Consumer prices registered a monthly increase of 3.16 percent, with education, communication, and the combined sector of hotels, restaurants, and cafes leading the rise at 13 percent, 5.6 percent, and 3.9 percent, respectively, according to the Turkish Statistical Institute. The cost of education experienced the highest annual increase at 104.07 percent, followed by restaurants and hotels at 94.97 percent and health at 80.25 percent. Despite implementing a monetary tightening policy since mid-2023, the inflation rate remains high i

                  Australian inflation unchanged at 3.4 percent in Feb.

                  STORY: Australian inflation unchanged at 3.4 percent in Feb. SHOOTING TIME: March 27, 2024 DATELINE: March 28, 2024 LENGTH: 00:02:00 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of the building of Australian Bureau of Statistics 2. various of vehicles 3. various of a supermarket STORYLINE: Australia's rate of inflation remained steady for the third consecutive month in February, official data has revealed. According to figures published by the Australian Bureau of Statistics (ABS), the consumer price index (CPI), the headline measure of inflation in Australia, rose by 3.4 percent in the 12 months to February. "Annual inflation was unchanged in February and has been 3.4 percent for three consecutive months," Michelle Marquardt, head of prices statistics at the ABS, said in a media release. Xinhua News Agency correspondents reporting from Canberra. (XHTV)

                    Turks shrink Ramadan menus amid soaring meat prices

                    STORY: Turks shrink Ramadan menus amid soaring meat prices SHOOTING TIME: March 26, 2024 DATELINE: March 27, 2024 LENGTH: 0:03:51 LOCATION: Ankara CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of a butcher 2. various of Turkish people buying cheap meat in a discount market 3. SOUNDBITE 1 (Turkish): FIRUZE TANIL, Retired accountant 4. SOUNDBITE 2 (Turkish): VOLKAN AKTAS, Teacher 5. SOUNDBITE 3 (Turkish): FAZLI YALCINDAG, Head of Ankara's Chamber of Butchers STORYLINE: The prices of red and white meat have soared in Türkiye amid runaway inflation, despite the government's efforts to mitigate its impact on consumers during the Muslim holy month of Ramadan. "In Ramadan, our meals have now become meatless," said Firuze Tanil, a Turkish pensioner who visited a butcher shop in Ankara to buy some ground meat for her grandchild. SOUNDBITE 1 (Turkish): FIRUZE TANIL, Retired accountant "I only buy meat for my 5-year-old grandchild so that his physical and mental health would not get affected, because he needs pro

                      One out of 10 Italians in absolute poverty last year: report

                      STORY: One out of 10 Italians in absolute poverty last year: report SHOOTING TIME: March 26, 2024 DATELINE: March 27, 2024 LENGTH: 0:00:43 LOCATION: Rome CATEGORY: SOCIETY SHOTLIST: 1. various of the report of ISTAT 2. various of homeless people on the streets in Italy STORYLINE: One out of 10 Italians was living in absolute poverty last year, according to preliminary government data released on Monday. Italy's National Statistics Institute, ISTAT, said that 5.75 million Italians were living in absolute poverty in 2023, up from 5.67 million in 2022 and 5.32 million in 2021. Last year, this group amounted to 9.8 percent of the country's population. ISTAT defines a person living in absolute poverty as someone who lacks the resources to meet their basic needs such as food and clean drinking water, clothing, health care and shelter. ISTAT's data shows the highest levels of absolute poverty were reported in the largely agricultural southern regions, while the industrialized north showed the lowest l