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Turkey's skyrocketing food prices show no sign of slowing

Ill-advised policies over the decades have reduced Turkey to a net food importer despite its significant agricultural potential, fueling a dramatic increase in food prices that deals the hardest blows to the poorest citizens.
A man buys vegetables in a market in Ankara, Turkey, June 25, 2018. REUTERS/Stoyan Nenov - RC1D5FE8F510
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Turkey’s consumer inflation overshot expectations in October, climbing 2.67% and bringing year-on-year inflation to 25.2%, much to the chagrin of Treasury and Finance Minister Berat Albayrak, the president’s son-in-law, who had declared an “all-out fight against inflation” in mid-September.

The details of the inflation data, released Nov. 5, show that food prices shot up nearly 30% from October last year. In the subcategory of fresh fruits and vegetables, the increase was even more staggering, hitting 50%.

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