Turkey to open 1,000 new markets to counter inflation, Erdogan says

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ISTANBUL, Oct 3 (Reuters) – Turkish President Tayyip Erdogan stated on Sunday the federal government had ordered cooperatives to open about 1,000 new markets throughout the nation to supply “suitable” costs for client items, as annual inflation rises towards 20%.

“These are places where prices are suitable to our citizens’ budgets,” Erdogan stated after visiting an agricultural cooperative outlet in Istanbul, including that the deliberate new retailers would assist steadiness out markets.

“We gave the order for about 1,000 of these businesses to open around Turkey, starting at 500 square-meters each,” he instructed reporters.

Reporting by Azra Ceylan and Jonathan Spicer; Editing by David Clarke

Turkey's President Tayyip Erdogan addresses members of parliament as he attends the reopening of the Turkish parliament after the summer recess in Ankara, Turkey, October 1, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS