After the announcement of the support premium of 2022 lira per kilo and 76 cents per kilogram, the purchase price of the 6,70 product of wet tea increased by 30 percent, Çaykur increased the tea price. While Çaykur increased tea by 43,71 percent on average, new price lists were sent to wholesale companies.
The weight of tea in TURKSTAT's inflation basket is 0,5464 percent. Accordingly, the effect of the 43,7 percent hike on headline inflation is calculated as 0,24 points. Since the hike comes in the middle of the month, this effect will be seen in May and June inflation figures.
As it will be remembered, President Recep Tayyip Erdoğan announced the base purchase price of tea for 14 on May 2022. The purchase price of fresh tea, which was 3,87 TL last year, increased by 73 percent to 6 liras, 70 cents, and the support premium, which was 13 cents per kilogram, was increased to 130,8 cents with an increase of 30 percent, and the price was increased to 7 Turkish lira. After the hike for wet tea, eyes were turned to dry tea.
New Tea Raise Awaited!
Industry stakeholders claim that Çaykur, which has been making continuous losses in recent years, may increase tea by 10 to 15 percent in June.
As it will be remembered, President Recep Tayyip Erdoğan announced the purchase price of wet tea on May 14. The price of fresh tea was 30 lira with a support premium of 7 cents per kilogram.
The weight of tea in TURKSTAT's inflation basket is 0,5464 percent. Accordingly, the effect of the 43,7 percent hike on headline inflation is calculated as 0,24 points. Since the hike comes in the middle of the month, this effect will be seen in May and June inflation figures.
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