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President Recep Tayyip Erdogan says the government also expects companies to lower their prices by 7%.

ISTANBUL (AP) — Turkey’s president announced on Saturday a 7 percentage-point reduction in taxes added to basic food supplies as the country faces rampant inflation. President Recep Tayyip Erdogan said value-added tax would be lowered to 1% from 8% on food purchases.

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ISTANBUL: Turkey s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and num...

ISTANBUL (AP) — Turkey’s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and numerous protests over eroding living standards.

Turkeys president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and numerous protests over eroding living standards.

ISTANBUL: Turkey s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and num...

ISTANBUL (AP) — Turkey’s president announced a significant reduction in taxes on...

ISTANBUL—Turkey’s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant ...

ISTANBUL (AP) — Turkey’s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and numerous protests over eroding living standards.