All Discussions Tagged 'consumer' - 12160 Social Network2024-03-28T22:41:27Zhttps://12160.info/forum/topic/listForTag?tag=consumer&feed=yes&xn_auth=noRaging consumer inflation in Turkey up 85.5% from a year agotag:12160.info,2022-11-03:2649739:Topic:22330492022-11-03T19:41:32.173ZParrhesiahttps://12160.info/profile/DianaLovell
<p><span class="story_dl">Nov. 3 (UPI) --</span><span> </span>Turkey's October Consumer Price Index showed annual inflation was up 85.5% from a year ago in October, driven largely by energy and food prices. The severe inflation has lasted for 17 straight months.</p>
<p>Food prices have risen by 99% compared to the same period a year ago, according to the data released by the<span> </span><a href="https://www.tuik.gov.tr/Home/Index" rel="noopener" target="_blank">Turkish Statistical…</a></p>
<p><span class="story_dl">Nov. 3 (UPI) --</span><span> </span>Turkey's October Consumer Price Index showed annual inflation was up 85.5% from a year ago in October, driven largely by energy and food prices. The severe inflation has lasted for 17 straight months.</p>
<p>Food prices have risen by 99% compared to the same period a year ago, according to the data released by the<span> </span><a href="https://www.tuik.gov.tr/Home/Index" target="_blank" rel="noopener">Turkish Statistical Institute</a><span> </span>Wednesday. It's the highest inflation rate in 24 years.</p>
<p>It demonstrates that inflation is a global problem in the world post-pandemic economy.</p>
<p><a href="https://data.tuik.gov.tr/Bulten/Index?p=Domestic-Producer-Price-Index-October-2022-45859&dil=2" target="_blank" rel="noopener">Domestic Producer Price Index</a><span> </span>-- the measure of wholesale price inflation in Turkey -- was even higher at 157.69% on an annual basis. The institute's data shows transportation at an annual inflation rate of 117.15%.</p>
<p>Turkish President<span> </span><a href="https://www.upi.com/topic/Recep_Tayyip_Erdogan/" target="_blank" title="Recep Tayyip Erdogan" class="tpstyle" rel="noopener">Recep Tayyip Erdogan</a><span> </span>has decided not to raise interest rates to fight inflation as the United States and other nations are doing, insisting that it would hurt the economy.</p>
<p>The Turkish Central Bank in October cut interest rates instead by 150 basis points, taking the key interest rate<span> </span><a href="https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Press+Releases/2022/ANO2022-42" target="_blank" rel="noopener">from 12% to 10.5%</a>.</p>
<p>In September,<span> </span><a href="https://www.upi.com/Top_News/World-News/2022/09/22/Turkey-cuts-key-interest-rate-inflation/7931663867958/" target="_blank" rel="noopener">Turkey cut interest rates</a><span> </span>by a half-point, bringing it down to 12%.</p>
<p>At the time, Erdogan<span> </span><a href="https://www.tccb.gov.tr/en/news/542/139922/-our-resilience-in-the-face-of-the-global-economic-crisis-proves-that-we-have-been-following-the-right-path-" target="_blank" rel="noopener">said in a statement</a><span> </span>that Turkey has developed its own economic program and is taking "all measures to compensate for the loss in welfare caused by inflation."</p>
<p>According to Erdogan, interest rate cuts are pro-growth.</p>
<p>Turkish Finance Minister Nureddin Nebati said Wednesday that Turkey's goal is to bring inflation down to single digits.</p>
<p>"Thanks to the inclusive measures we have taken, we will permanently get rid of the scourge of inflation in our country with the positive contribution of the normalization in global prices and improvement in expectations,"<span> </span><a href="https://www.dailysabah.com/business/economy/turkiyes-annual-inflation-up-in-october-to-reach-855" target="_blank" rel="noopener">Nebati said</a>.</p>
<p><a href="https://www.upi.com/Top_News/World-News/2022/11/03/Turkey-inflation-interest-rates/6161667479463/">Raging consumer inflation in Turkey up 85.5% from a year ago - UPI.com</a></p> repair.org groups-aim-advance-fair-repair-unlocking-laws/tag:12160.info,2018-02-14:2649739:Topic:17516002018-02-14T01:29:25.574ZGraltonhttps://12160.info/profile/Gralton755
<p>These orgs are fighting for the right to repair consumer goods.</p>
<p>repair.org <span>and the Institute of Scrap Recycling Industries (ISRI) </span></p>
<p><a href="https://repair.org/">https://repair.org/</a></p>
<p><a href="https://resource-recycling.com/e-scrap/2018/01/05/groups-aim-advance-fair-repair-unlocking-laws/">https://resource-recycling.com/e-scrap/2018/01/05/groups-aim-advance-fair-repair-unlocking-laws/</a></p>
<p>These orgs are fighting for the right to repair consumer goods.</p>
<p>repair.org <span>and the Institute of Scrap Recycling Industries (ISRI) </span></p>
<p><a href="https://repair.org/">https://repair.org/</a></p>
<p><a href="https://resource-recycling.com/e-scrap/2018/01/05/groups-aim-advance-fair-repair-unlocking-laws/">https://resource-recycling.com/e-scrap/2018/01/05/groups-aim-advance-fair-repair-unlocking-laws/</a></p> GMO victory? General Mills says Cheerios are non-GMO, but they're made from oats in the first placetag:12160.info,2014-01-04:2649739:Topic:13877242014-01-04T02:17:34.158Zmysteryhttps://12160.info/profile/mystery
<p>"...we were able to change how we source and handle ingredients to ensure that the corn starch for original Cheerios comes only from non-GMO corn," explains General Mills.</p>
<p>General Mills also has a long history of deception when it comes to how cereals are named or labeled. For example, the company made a cereal called "TOTAL Blueberry Pomegranate" which contained neither blueberries nor pomegranates.</p>
<p>Continue reading at: …</p>
<p>"...we were able to change how we source and handle ingredients to ensure that the corn starch for original Cheerios comes only from non-GMO corn," explains General Mills.</p>
<p>General Mills also has a long history of deception when it comes to how cereals are named or labeled. For example, the company made a cereal called "TOTAL Blueberry Pomegranate" which contained neither blueberries nor pomegranates.</p>
<p>Continue reading at: <a href="http://www.naturalnews.com/043382_Cheerios_non-GMO_General_Mills.html">http://www.naturalnews.com/043382_Cheerios_non-GMO_General_Mills.html</a></p>