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United Public-Is: ‘Food prices increased by 159.6 percent annually’

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The May 2022 results of the food price index prepared by KAMUAR, the R&D unit of the United Public-Business Confederation, based on a basket of 64 food items that are regularly compiled from the markets in Ankara and that the public consumes the most, have been announced today. The statement noted:

“The increase in food prices caused by the wrong economic and agricultural policies is increasing the risk of hunger in Turkey, where food prices are well below the general inflation rate, let alone the increase in income. Price increases, which make access to food difficult, force citizens to have an inadequate and unhealthy diet. Experts state that this situation carries the risk of causing valuable health problems in the future, especially for the younger generation.

“CITIZENS PAID 9.2 PERCENT MORE MONEY IN APRIL THAN THE PREVIOUS MONTH”

Bread, rice, flour and bulgur prices increased by 1.6 percent in May compared to the previous month. While the word of giving cheap meat to the public has not been forgotten, there was a monthly increase of 15.1 percent in the prices of meat and fish poultry. In May, prices of milk and dairy products and egg poultry rose by 7.1 percent. Oil prices, on the other hand, increased by 1.3 percent. In May, when fruit prices increased by 19.2 percent, vegetable prices decreased by an average of 9.2 percent compared to the previous month. In May, when pulses prices increased by 2 percent, the prices of other processed foods such as tomato paste, olives, honey, tea, salt and other processed foods increased by 33.4 percent, especially due to the increases in sugar and tea prices.

Thus, citizens paid 9.2 percent more money in April compared to the previous month in order to purchase a food basket made up of 64 food items selected according to their current food consumption habits.

“IN THE FIRST 5 MONTHS PERIOD OF THIS YEAR, THERE WAS 65.5 PERCENT INCREASE IN FOOD PRICES”

In the first five months of this year, when Turkey went through triple-digit inflation rates, food prices increased by 65.5 percent. In the January-May period, the prices of bread, rice, flour, bulgur and pasta increased by 51.5 percent. Meat and fish prices are 58.3 percent; Prices of milk, dairy products and eggs are 24.9 percent, oil prices are 26.6 percent, fruit prices are 165.5 percent, vegetable prices are 115.8 percent, pulses prices are 20.8 percent, and prices of other food items are 64.5 percent. It increased.

“INCREASE BY 159.6 PERCENT COMPARED TO MAY 2021”

An annual increase of 159.6 percent was observed in food prices compared to May 2021. In other words, citizens had to pay 259.6 liras for a basket that cost 100 liras in May 2021, the same month this year. In May this year, there was an increase of 139.4 percent in bread, flour, bulgur and pastry prices, 115.6 percent in meat-fish prices, 93.8 percent in milk and dairy products and egg prices compared to May of last year. Compared to a year ago, oil prices increased by 101.9 percent. Fruit prices increased by 243 percent, while vegetable prices increased by 422.4 percent. Legumes prices increased by 101.9 percent in the last year, while prices of other foods increased by 114.7 percent.

The increases in agricultural input costs and producer prices for agricultural products indicate that the annual increase in food prices will continue to remain at triple-digit rates in the coming months.

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