Vodka prices soar in Turkey amid collapse of lira

TTBP head Ozgur Aybash: vodka and whiskey in Turkey have risen by 5% after the collapse of the lira Aybash announced that, as of the end of November, amid the collapse of the Turkish lira, prices for vodka and whiskey rose by 5 percent. Some wines have risen in price by 18 percent at once, he said on his Twitter account.

According to the expert, from December, stores will begin to increase the cost of goods again, this process is unlikely to be stopped. At the same time, Aybash noted that alcohol consumption also increased with the onset of the crisis.

Earlier it was reported that sales through its online store for Turkish buyers were temporarily suspended by Apple. The depreciation of the lira has made it cheaper to buy goods in this country than in the United States.

Since the beginning of the year, the Turkish lira has lost more than 45 percent of its value against the dollar. The reason for this was the economic views of the country's President Recep Tayyip Erdogan, who insists on cutting the key rate. The Turkish leader is confident that such a policy will contribute to the development of the national economy.

The collapse began after another decrease in the parameter from 16 to 15 percent, which happened on November 18. The day before, Erdogan promised to further reduce the key rate. Later, on November 22, the president confirmed his decision and indicated that it was needed “to accelerate economic growth and create jobs.”



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