Turkey’s inflation 14 times worse than EU, says opposition deputy

Veli Ağbaba, deputy chairman of Turkey’s main opposition Republican People’s Party (CHP), said Turkey’s inflation figures were 14 times worse than the Eurozone, based on an analysis of five European countries.

Turkey has an annual inflation of 70.33 percent in foodstuffs, while the Eurozone average is 4.7 percent, Ağbaba told reporters. “Turkey’s monthly inflation is higher than Europe’s yearly inflation,” he said.

Ağbaba’s comments came after Turkish President Recep Tayyip Erdoğan said on Wednesday that while prices were “unusually high” in the country, it was worse for Europe, pointing to Russia’s invasion of Ukraine as the reason for rising prices.

“As Turkey sets its sights on world leader in high inflation, (Erdoğan) compares our country with European countries with low inflation, says their situation is graver. This cannot be explained by intelligence or logic,” Ağbaba said.

Turkey’s minimum wage at 5,004 liras comes to €311 ($338), the deputy said. “Meanwhile Germany’s minimum wage is €1,621, France’s €1,603, and Greece’s €774.”

Among European countries, Turkey’s minimum wage is among the lowest three, and the country has the highest ratio of workers making minimum wage, he added.

In several food items, the difference is drastic. While the Turkish minimum wage can buy 223 kg of sugar, the Greek minimum wage buys 943 kg, and the French buys 2,003 kg.

Compared with Turkey’s 146 litres of cooking oil purchased with the minimum wage, Belgium’s minimum wage workers can buy 1,004 litres.

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