The Fort Worth Press - High energy prices put more pressure on Turks

USD -
AED 3.672504
AFN 65.000368
ALL 81.216919
AMD 362.051328
ANG 1.789785
AOA 917.000367
ARS 1515.25437
AUD 1.435956
AWG 1.80125
AZN 1.70397
BAM 1.739803
BBD 2.01708
BDT 123.195303
BGN 1.747831
BHD 0.378775
BIF 2997.464751
BMD 1
BND 1.281146
BOB 11.69239
BRL 5.065104
BSD 1.001468
BTN 95.050483
BWP 13.720589
BYN 3.015879
BYR 19600
BZD 2.014233
CAD 1.41575
CDF 2313.50392
CHF 0.825932
CLF 0.024881
CLP 979.255437
CNY 6.691204
CNH 6.686704
COP 3173.953654
CRC 455.099408
CUC 1
CUP 24.035938
CVE 98.087444
CZK 21.645304
DJF 178.33919
DKK 6.651204
DOP 61.433083
DZD 133.824668
EGP 53.529689
ERN 15
ETB 163.585998
EUR 0.889904
FJD 2.26765
FKP 0.750199
GBP 0.752078
GEL 2.590391
GGP 0.750199
GHS 11.695058
GIP 0.750199
GMD 73.503851
GNF 8810.21216
GTQ 7.652004
GYD 209.527198
HKD 7.84815
HNL 26.885202
HRK 6.703804
HTG 131.147978
HUF 323.310388
IDR 18053
ILS 3.09465
IMP 0.750199
INR 94.965504
IQD 1518.213762
IRR 1795877.503816
ISK 121.180386
JEP 0.750199
JMD 159.195837
JOD 0.70904
JPY 158.01504
KES 130.098296
KGS 87.450384
KHR 4070.631144
KMF 440.00035
KPW 899.999961
KRW 1334.740383
KWD 0.31082
KYD 0.834586
KZT 453.195748
LAK 22534.359294
LBP 89683.40524
LKR 331.690611
LRD 170.751234
LSL 16.462394
LTL 2.95274
LVL 0.60489
LYD 6.431526
MAD 9.729662
MDL 17.966464
MGA 4507.405595
MKD 54.836988
MMK 2099.858992
MNT 3597.263832
MOP 8.096339
MRU 40.037362
MUR 47.230378
MVR 15.460378
MWK 1736.600987
MXN 18.492904
MYR 4.083204
MZN 63.903729
NAD 16.462394
NGN 1331.210377
NIO 36.854512
NOK 9.427704
NPR 152.081128
NZD 1.767253
OMR 0.382413
PAB 1.001468
PEN 3.444825
PGK 4.547436
PHP 62.986038
PKR 277.237468
PLN 3.88825
PYG 5719.877241
QAR 3.660721
RON 4.730604
RSD 104.461148
RUB 84.13468
RWF 1478.183516
SAR 3.752837
SBD 8.064647
SCR 13.905529
SDG 601.503676
SEK 9.912404
SGD 1.282104
SHP 0.754745
SLE 24.680371
SLL 20969.504398
SOS 572.343548
SRD 37.794504
STD 20697.981008
STN 21.794245
SVC 8.763065
SYP 13001.999685
SZL 16.455989
THB 33.445038
TJS 9.228751
TMT 3.51
TND 2.98768
TOP 2.40776
TRY 49.513804
TTD 6.798915
TWD 32.453604
TZS 2646.44398
UAH 44.920874
UGX 4136.458658
UYU 40.314905
UZS 12073.121914
VES 878.910604
VND 25894.5
VUV 119.757204
WST 2.787783
XAF 583.738825
XAG 0.017551
XAU 0.000240063761
XCD 2.70255
XCG 1.804919
XDR 0.707052
XOF 583.738825
XPF 106.089045
YER 236.150363
ZAR 16.494037
ZMK 9001.203584
ZMW 20.049815
ZWL 321.999592
SSP 5758.113256
MXV 2.088032
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

High energy prices put more pressure on Turks
High energy prices put more pressure on Turks

High energy prices put more pressure on Turks

When temperatures plunged well below freezing in Ankara and energy prices soared, Dondu Isler had to make a tough choice to both stay warm and keep her soaring utility bills down.

Text size:

She turned off the heating in two bedrooms of her apartment.

"Only the living room and the kitchen were heated, but at a minimum. We try to keep warm with blankets," the 61-year-old woman said.

Energy prices in Turkey and other countries have soared in the past year due to recovering demand and geopolitical tensions.

But Turks have also seen their overall purchasing power dwindle dramatically amid a currency crisis and two-decade high inflation that reached almost 50 percent last month.

Isler and her husband do not know how they will pay their bills, rent and food in the future.

Their only income is the meagre retirement benefits -- worth 2,400 Turkish liras ($177) a month -- earned by her husband, who worked as a construction site guard.

They paid 380 liras for electricity and gas in December. Their January bills more than doubled to 960 liras.

Other Turks face the same problem as electricity bills soared between 52 percent and 127 percent in January, depending on consumption.

Adding gas, many Turks have found themselves with bills that have doubled or tripled.

Some bars now even add an extra charge of four liras (29 cents) to customers who drink on heated terraces.

The currency crisis came last year after President Recep Tayyip Erdogan put pressure on the central bank to cut the main interest rate despite rampant inflation -- the opposite of conventional economic thinking to fight off rising prices.

The lira lost 44 percent of its value against the dollar last year as Turks rushed to buy gold and foreign currency.

Many Turks have fallen below the poverty line, which stands at $4.3 per day.

- Breakfast is a 'luxury'-

Inflation has become a sensitive subject in Turkey, less than 18 months before a general election during which the rising cost of living will likely dominate.

The opposition accused the state statistics agency of underestimating the rate of inflation and independent Turkish economists said consumer prices reached over 110 percent in January.

Hacer Foggo, founder of the Deep Poverty Network NGO, said record inflation was impoverishing every segment of society.

"Several families have been forced to drastically cut the amount they spend on food. Breakfast foods like eggs, cheese and olives have become luxuries," she said.

Once relatively resistant to crises, the middle class is now also under pressure.

"They've seen their rent double or triple, and they're forced to look for small homes or in areas further away from the city centre," Foggo told AFP.

But the consequences for the poorest are more dramatic since they can no longer count on financial assistance from their friends or family.

"We believe 160,000 children and young people have dropped out of school in 2021. I personally know several of the families helped by our NGO," she said.

"Some feel obliged to contribute to the family income and leave school to work. Others leave school because they cannot pay for transport or other expenses."

With sharp increases in food including basic goods and baby formula, which has risen by 55.6 percent, malnutrition is now a serious risk for children, Foggo warned.

Some mothers are forced to "give their babies dehydrated soups" instead of formula, she added.

Ali Golpinar, a village chief in a less affluent district in Ankara, has raised funds for the poorest in his neighbourhood for years.

"But we are struggling to raise money because no one has the means to participate," he said.

- Energy bill triples -

Even the association he created where local women can take part in sewing, cooking or jewellery design workshops for free has been affected by higher energy prices.

"Our electricity bill was 93 liras in December. After the price increase, it rose to 348 liras with the same amount consumed," Golpinar said.

Electricity companies cut power off from many residents' homes after they could not pay their bills, he added.

From Mugla in southwestern Turkey to Dogubeyazit in the east, the tripling of energy bills has provoked anger across the country where protests have sprung. More are planned next weekend in Istanbul.

But Erdogan senses the danger. His spokesman, Ibrahim Kalin, on Monday promised to take measures: "We won't let our citizens be crushed by inflation."

P.McDonald--TFWP