Newsletters
Türkiye’s Trade Ministry said it reached an agreement with wholesalers, supermarket chains, and sector representatives to increase discounts and safeguard food supply ahead of Ramadan, aiming to keep essential goods affordable during the high-demand period.
The ministry said it held a series of meetings with sector representatives to coordinate measures aimed at ensuring price stability and accessibility. Authorities said the effort seeks to help consumers obtain staple food products more easily and at lower cost as Ramadan approaches.
The ministry said preparations also included steps to support balanced market conditions by protecting supply chains and preventing disruptions during the fasting month, when food consumption patterns shift and demand for staples rises.
It also added that inspections will continue in coordination with the Agriculture and Forestry Ministry, with tighter monitoring planned throughout Ramadan to detect price manipulation, stockpiling, and speculative activity.
The ministry also noted that consumers can report violations through official complaint channels, including the presidential communication center, dedicated mobile applications, provincial trade directorates, and the national consumer advisory hotline.
The move follows a sharp acceleration in food prices in January, which rose 6.6% and became the fastest-growing expenditure group among heavily weighted categories.
The surge was driven by seasonal effects and severe weather-related supply disruptions, with vegetable prices jumping 23.68% and fruits rising 3.83%, a trend expected to continue weighing on February’s inflation figures.
Speaking at the presentation of the Central Bank’s first inflation report of 2026 on Thursday, Governor Fatih Karahan said pressure from food supply conditions is likely to remain elevated ahead of Ramadan, pushing prices higher nationwide, though at a slower pace.
Set as preferred source
Set as preferred source
1 min read
1 min read
