Turkish President Recep Tayyip Erdogan stressed that "the rise in inflation in Turkey is temporary, as the government discusses steps to counter the rising cost of living."
He explained after the weekly meeting of the Council of Ministers, "Some economic indicators show improvement, and for this, we ask the Turkish people to be patient and believe in the government."
Inflation in Turkey rose in July to 47.8 percent and is expected to reach around 60 percent by the end of the year due to tax increases and the devaluation of the Turkish lira against other currencies.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
