Erdoğan,”We will bring inflation down to single digit”

Erdoğan,"We will bring inflation down to single digit"

President Recep Tayyip Erdoğan stated, “We are determined to continue the fight against high cost of living and excessive prices. God willing, we will bring inflation down to single digits in the near future.”

After the cabinet meeting, Recep Tayyip Erdoğan stated, “We will revitalize cities in terms of economic, commercial, social, and cultural aspects. We will strengthen the economy without compromising on investment, production, exports, and employment.”

Erdoğan, emphasized their determination to address the high cost of living and excessive prices, stating that the initial data is a leading signal that strengthens their efforts. The stability resulting from the elections has increased confidence in the economy.

Erdoğan mentioned that in May, the Economic Confidence Index increased by 1.4 points, the Purchasing Managers’ Index (PMI) exceeded 50, which is an indicator of economic growth, and inflation decreased to below 40% in May.

Erdoğan, expressed confidence in bringing inflation down to single digits once again, as they have done in the past.

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