A woman shops at a market in Ankara, Türkiye, Oct. 3, 2022. (Photo by Mustafa Kaya/Xinhua)
"Costs of living in Türkiye ravage family budgets like a hurricane," a Turkish trade union confederation declared in its newly released report.
The poverty and hunger report, published monthly by the pro-government Turkish Confederation of Trade Unions (Turk-Is), estimated that the "poverty line," or the costs of living for a family of four in Türkiye, was well above 4-times the minimum wage.
ISTANBUL, Oct. 28 (Xinhua) -- "Costs of living in Türkiye ravage family budgets like a hurricane," a Turkish trade union confederation declared in its newly released report.
The poverty and hunger report, published monthly by the pro-government Turkish Confederation of Trade Unions (Turk-Is), estimated that the "poverty line," or the costs of living for a family of four in Türkiye, was well above 4-times the minimum wage.
The poverty line was established at 24,185 Turkish liras (nearly 1,300 U.S. dollars) by Turk-is, echoing similar calculations published earlier in the month by the non-affiliated United Public-Business Confederation.
The hunger line, which represents the costs of food required for a family of four, has also seen a significant rise in October, reaching 7,425 liras, according to the report.
Both reports kept raising the lines higher month after month, in contrast to the stagnant minimum wage of 5,500 liras set in July.
A teller counts banknotes at an exchange office in Ankara, Türkiye, Oct. 20, 2022. (Photo by Mustafa Kaya/Xinhua)
Furthermore, the Turk-Is report predicted a harsher winter for the millions of households whose income did not rise amid soaring rent, food, and energy prices. "Continuing price increases in the face of insufficient wage income brought living costs to unbearable points," the report stated.
Annual inflation in Türkiye hit a new 24-year high of 83.45 percent in September, while the Turkish currency lost over 40 percent of its value against the U.S. greenback since the beginning of this year. One dollar stood at 18,60 liras on Friday noon.
"We work in hunger, to live beneath poverty," wrote economist Murat Ozbulbul in his column in the Dunya newspaper. "This situation is not only unacceptable but also unsustainable!"
Meanwhile, the Turkish government is taking a wide array of countermeasures. New social housing projects and regulations to combat rising rents, food subsidies, and debt relief programs for outstanding utility bills are being rolled out. ■