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.
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 out there. All food prices are rising but especially baby formulas,” said Huseyin Duran, 43, an Istanbul father of three and security guard receiving partial state pay for lost work.
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“I worry about my kids,” he said. “We can only meet our rent, groceries and loan payments”.
In a world of near zero inflation and economic fallout from the coronavirus, Turkey stands out with annual consumer prices climbing to 15%, second only to Argentina among emerging markets and by far the highest in the OECD.
Read more: Reuters
