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

Wheat prices up again due to tighter supplies in U.S.: FAO

STORY: Wheat prices up again due to tighter supplies in U.S.: FAO DATELINE: Nov. 6, 2022 LENGTH: 00:01:36 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of the Rome-based United Nations Food and Agriculture Organization 2. various of farmland 3. various of wheat products and supermarket STORYLINE: World wheat prices rose by 3.2 percent in October partially due to tighter supplies from the U.S. following a downward production revision, the Rome-based United Nations Food and Agriculture Organization's (FAO) Food Price Index showed on Friday. The index was unchanged from September after six consecutive months of decline. The grains and cereals sub-index rose by 3 percent, building on a 2.2 percent increase a month earlier. The FAO explained this by "continuing uncertainties" about a program that allows Ukraine to safely export wheat from its Black Sea ports due to its conflict with Russia. Lower production levels in the United States were also a factor, it said. Corn prices rose by 4.3 percent, refl

Russia-Ukraine conflict impacting Africa's aviation sector: industry insiders

STORY: Russia-Ukraine conflict impacting Africa's aviation sector: industry insiders DATELINE: May 10, 2022 LENGTH: 00:02:05 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the forum 2. SOUNDBITE 1 (English): ABDERAHMANE BERTHE, Secretary-general of African Airlines Association 3. SOUNDBITE 2 (English): ALLAN KILAVUKA, CEO of Kenya Airways STORYLINE: The Russia-Ukraine conflict is impacting negatively on Africa's aviation sector, industry insiders have said at the 10th Aviation Stakeholders Convention, which takes place in Nairobi from May 8-10. SOUNDBITE 1 (English): ABDERAHMANE BERTHE, Secretary-general of African Airlines Association "The impact of the Ukraine-Russia crisis on fuel (is obvious), because the price went to 120 U.S. dollars. If you compared to last year, for airlines, it's really a lot. We hope that this crisis will not continue, because this will continue to impact our airlines, if the airlines have high operating costs, it means also, at the end of the day, they have to refl