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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

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Day of Songun holiday in N. Korea

People offer flowers at statues of former North Korean leaders -- the country's founder Kim Il Sung and his son Kim Jong Il -- at Pyongyang's Mansu Hill on Aug. 25, 2019, the Day of Songun, a national holiday commemorating the beginning of the military-first policy adopted by Kim Jong Il. (Kyodo) ==Kyodo

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Day of Songun holiday in N. Korea

People bow in front of statues of former North Korean leaders -- the country's founder Kim Il Sung and his son Kim Jong Il -- at Pyongyang's Mansu Hill on Aug. 25, 2019, the Day of Songun, a national holiday commemorating the beginning of the military-first policy adopted by Kim Jong Il. (Kyodo) ==Kyodo

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Day of Songun holiday in N. Korea

People visit Pyongyang's Mansu Hill, where statues of former North Korean leaders -- the country's founder Kim Il Sung (L) and his son Kim Jong Il -- stand, on Aug. 25, 2019, the Day of Songun, a national holiday commemorating the beginning of the military-first policy adopted by Kim Jong Il. (Kyodo) ==Kyodo

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Day of Songun holiday in N. Korea

People dance in Pyongyang on Aug. 25, 2019, in celebration of the Day of Songun, a national holiday commemorating the beginning of the military-first policy adopted by Kim Jong Il, the late father of the current leader, Kim Jong Un. (Kyodo) ==Kyodo

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Day of Songun holiday in N. Korea

People dance in Pyongyang on Aug. 25, 2019, in celebration of the Day of Songun, a national holiday commemorating the beginning of the military-first policy adopted by Kim Jong Il, the late father of the current leader, Kim Jong Un. (Kyodo) ==Kyodo

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Photos from Pyongyang

A sign board depicting North Korea's missile and nuclear power is displayed in Pyongyang on Aug. 24, 2017, a day before the Day of Songun, a national holiday celebrating the military leadership of Kim Jong Il, the late father of current leader Kim Jong Un. (Kyodo) ==Kyodo

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Photos from Pyongyang

North Korea's national flags are displayed in Pyongyang on Aug. 24, 2017, a day before the Day of Songun, a national holiday celebrating the military leadership of Kim Jong Il, the late father of current leader Kim Jong Un. (Kyodo) ==Kyodo

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Photos from Pyongyang

A solder stands in front of a sign board depicting North Korea's missile and nuclear power in Pyongyang on Aug. 24, 2017, a day before the Day of Songun, a national holiday celebrating the military leadership of Kim Jong Il, the late father of current leader Kim Jong Un. (Kyodo) ==Kyodo

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Photos from Pyongyang

People offer flowers in front of a large mosaic portrait of Kim Il Sung, founding father of North Korea, and Kim Jong Il, his son and father of current leader Kim Jong Un, in Pyongyang on Aug. 24, 2017, a day before the Day of Songun, a national holiday celebrating Kim Jong Il's strong military leadership. (Kyodo) ==Kyodo