Inflation & Prices
Turkish Diners Fleeing 90% Restaurant Inflation Flock to Greece
- Tourism industry says it’s lost price advantage over neighbor
- Central bank concerned by sticky price rises in hospitality
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Restaurants in some Turkish holiday towns are sitting half-empty in peak tourist season, as many locals find it’s cheaper to holiday in neighboring Greece than stay and eat in one of their own country’s world-famous resorts.
Angry citizens have taken to social media to share their bills, including the equivalent of $640 for food and drinks for five people in Bodrum and $30 for five scoops of ice cream in Cesme. Meanwhile from Mediterranean Greek islands just a few kilometers away, their fellow Turks boast they’re paying far less than prices at home.