President Recep Tayyip Erdogan has decided to reduce food taxes during public protests in Turkey against rising prices and declining living standards of citizens. According to international media, Erdoانan said in his statement that Percentage to 1%. The decision by the president will be published in Turkey’s official newspaper and will take effect on Monday. In addition to the tax cuts, Erdogan told food companies that the government expects companies to reduce the prices of their products. It will reduce it by up to 7% because it is food that plays a key role in inflation. According to the figures, inflation in Turkey has risen by 48% year-on-year, with independent analysts saying that the rate is more than 115%. Decision to cut interest rates.