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5 Min Read ISTANBUL (Reuters) - Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead. Women shop at a local market in Istanbul, Turkey January 12, 2021. REUTERS/Murad Sezer Parents have switched to discount baby biscuits, the cost of eggs has nearly doubled in a year, and a mock photo is circulating on Twitter in which a man on bended knee offers a woman a can of cooking oil instead of an engagement ring. “We are buying only the absolute necessary and cheapest brands...

Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead.

5 Min Read ISTANBUL (Reuters) - Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead. Women shop at a local market in Istanbul, Turkey January 12, 2021. REUTERS/Murad Sezer Parents have switched to discount baby biscuits, the cost of eggs has nearly doubled in a year, and a mock photo is circulating on Twitter in which a man on bended knee offers a woman a can of cooking oil instead of an engagement ring. “We are buying only the absolute necessary and cheapest brands...

Less for more in Turkey: costly food starves economic rebound

4 Min Read ISTANBUL (Reuters) - A surge in COVID-19 infections and the prospect of another economic downturn could sorely test Turkish President Tayyip Erdogan’s reluctant acceptance of much higher interest rates and the need for greater austerity. FILE PHOTO: Pigeons fly over the Taksim Square during a nation-wide weekend curfew which was imposed to prevent the spread of the coronavirus disease (COVID-19), in Istanbul, Turkey December 5, 2020. REUTERS/Murad Sezer/File Photo Already, record COVID-19 infections and deaths have led to new curfews and shorter business hours, hitting Turkey’s...