Turkey’s Meat and Milk Board (ESK) has increased the price of red meat by 48 percent amid the economic crisis.
Accordingly, the price of one kilo of minced beef increased from 56 liras to 83 liras as the price of one kilo of chopped meat ("kuşbaşı" in Turkish) increased from 62.50 liras to 92 liras, just a few days before Ramadan.
On the other hand, the price of the one kilo of chopsteak increased from 103 liras to 152 liras, while the price of one kilo of beef tenderloin became 228 liras.
Meat and Milk Board is an establishment under the Meat and Fish Institution which was founded as a State Economic Enterprise (SEE) in 1952. The objective of the institution is the development of the national livestock breeding and improvement of productivity.
Turkey reported an annual inflation of 54.4 percent in February, while independent research group ENAG put the figure at 123.80%.
At the start of 2022, the Turkish government raised the monthly national minimum wage by 50 percent, reaching 4,250 liras ($287).
Turkish citizens are struggling to adapt and survive in the face of the lira's crash and soaring inflation.