In January, inflation was higher than expected in Turkey, while record inflation was recorded in the restaurants and hotels cluster.
According to the information of the Turkish Statistical Institute (TUIK), the cluster of restaurants and hotels increased by 12.73 percent in January compared to the previous month. Thus, the highest monthly inflation in restaurants and hotels was recorded in the index set going back to 2003.
On an annual basis, an increase of 75.13 percent was seen in the restaurants and hotels cluster.
The increase in the restaurants and hotels cluster nearly doubled the monthly inflation. According to TUIK data, monthly inflation was 6.65 percent.
Inflation in the restaurants and hotels cluster also doubled the food inflation. In January, monthly food inflation was recorded as 6.62 percent.
Price fixing invitation was made to the sector.
In January, the department was invited to fix the price. TÜRES Leader, who participated in the Bloomberg HT broadcast, said that they made an invitation to fix the price and that the valuable part of the segment complied with it.
Bingöl used the following words in the broadcast she attended on January 24: We had a very difficult period in the pandemic. We were one of the departments most affected by the pandemic. After the pandemic, people’s spending parameters have changed. We started doing business even though we didn’t anticipate it. Along with high inflation, there was a significant increase in basic goods and foods. There was a great chasm with the heavy favor of the people. Restaurants and cafes in the very luxury segment and the lower segment remained, unfortunately the middle segment decreased. Conventional tourism should also be taken into account. Prices have gone up a lot. There are no places in the upper segment restaurants, very smooth business is done there. Nureddin Nebati, Minister of Treasury and Finance, made an invitation. First, the markets went to fix the price. Then, while explaining the economics package at Dolmabahçe, I expect the basis of price fixing from all branches. We couldn’t afford it either. Minister Çavuşoğlu is also a member of the High Advisory Council of our association. We also started this campaign. We started to prioritize this. People began not to come to restaurants due to high prices. This is always on the agenda in social media. We also made a fixed price invitation. Most of the episode—you’d be very surprised—followed that.
