Cevdet Yılmaz Signals Price Hike Limit for Public Transport
It was emphasized that above-inflation increases in urban transportation fees by local governments negatively affect the disinflation process.
Stating that above-inflation increases in urban transportation prices by local governments negatively affect the disinflation process, Vice President Cevdet Yılmaz signaled a new regulation aimed at introducing a cap on public transportation price hikes.
Disinflation Process
While it was noted that inflation has fallen below 30 percent and the disinflation process continues, it was stated that rigidity in services inflation persists.
Transportation Price Hikes
Yılmaz expressed that price increases made by local governments in urban transportation negatively impact inflation.
He stated that there is an approach to establishing a cap and that increases should not be made far above inflation.
Metropolitan Tariffs
News reports also included details regarding public transportation fares and the rates of price increases implemented in metropolitan cities such as Istanbul, Ankara, and İzmir.