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Turkey to Cut VAT on Staple Foods in Bid to Tame Inflation

  • Government app to help consumers find cheapest prices
  • Inflation running at highest rate since Erdogan took power
A resident shops at the Fatih outdoor food market in Istanbul.

A resident shops at the Fatih outdoor food market in Istanbul.

Photographer: Kerem Uzel/Bloomberg
Updated on

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Turkey will reduce value-added tax on staple foods to 1% from 8% in an effort to bring down inflation, President Recep Tayyip Erdogan said.