Staggering inflation fuels poverty in Türkiye despite government measures

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Staggering inflation fuels poverty in Türkiye despite government measures

STORY: Staggering inflation fuels poverty in Türkiye despite government measures SHOOTING TIME: Nov. 3, 2023 DATELINE: Nov. 4, 2023 LENGTH: 00:02:15 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Türkiye 2. SOUNDBITE 1 (Turkish): HUSEYIN PENCE, Pensioner 3. SOUNDBITE 2 (Turkish): IREM EROGLU, Student STORYLINE: Stubborn inflation in Türkiye is fueling the impoverishment of households in the long run, and the worse is still to come in 2024 as consumer prices are set to peak, according to the latest official forecasts. In October, consumer prices increased by 61.3 percent compared to the same period of the previous year, the Turkish Statistical Institute announced on Friday. SOUNDBITE 1 (Turkish): HUSEYIN PENCE, Pensioner "The price of everything has skyrocketed. One cup of tea costs now 10 liras (about 0.35 U.S. dollars), and one simit costs 10 liras and so on. Everyone is complaining about this situation. Purchasing power has been decimated. The price of gasoline has significa

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