Şimşek: Turkish gov’t set to take measures to curb food prices

It is unacceptable for Turkey to see double-digit inflation rates, a top official has admitted, adding that the government’s food committee would soon hold a meeting to take immediate measures to ease skyrocketing food prices. “This is an unacceptable situation”, Deputy Prime Minister Mehmet Şimşek said at a meeting in Istanbul on May 5. “The main reason behind the rise in inflation has been food prices. I have called the food committee for a meeting. We need to take serious measures to curb prices and we will”, noted Şimşek, while also thanking the Central Bank for its tight stance to maintain price stability.