Erdogan: We will witness a rapid decline in inflation within months

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Turkish President Recep Tayyip Erdogan said on Wednesday that his country will witness a rapid decline in inflation rates in the coming months.

This came in a speech he delivered during his participation in the meeting of the parliamentary bloc of the “Justice and Development Party” in the Turkish parliament in the capital, Ankara.

Erdogan stated that inflation in Turkey will decline to 30 percent in 2023, thanks to the measures taken by the government.

He added, “We have eliminated the causes that led to high inflation rates, and we have taken all necessary measures to bring down inflation.”

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He stated that the government has proven to the inside and outside that no one will be able to control the Turkish economy through inflation and manipulation of currency exchange rates and interest.

He stressed that his government worked to compensate citizens’ losses resulting from inflation, addressed the causes leading to the high cost of living, and expanded the scope of social assistance.

The Turkish president stated that the number of labor force in Turkey reached its peak in the past year 2022, reaching 31.6 million people.