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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

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High inflation rate tests consumers'patience in Türkiye