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Wednesday, October 10, 2018

Turkey asks shops to cut prices in radical approach to inflation | Financial Times

Turkey asks shops to cut prices in radical approach to inflation

State-mandated 10% discount on goods and services marks new move to rein in costs
Turkish Finance Minister Berat Albayrak speaks during an event in Istanbul to announce his programme to fight inflation © Reuters

Turkey’s finance minister has set out a new approach to tackling the country’s soaring inflation — urging the nation’s shops and businesses to give consumers discounts to keep prices in check.

More:Turkey asks shops to cut prices in radical approach to inflation | Financial Times