Turkey raises tea prices 15 percent after Istanbul election

Turkey’s General Directorate of Tea Enterprises increased the price of tea by 15 percent, Karar newspaper reported.

The decision is effective immediately, said the state-run company, which is based in the northeastern city of Rize, according to Karar.

The price hike comes two days after an election for the mayor of Istanbul. The election was won by opposition candidate Ekrem Imamoğlu, who garnered 54 percent of the vote compared with 45 percent for Binali Yıldırım, the governing party’s candidate.

Turkey’s government, seeking to bolster its support during a severe economic downturn, and state-run regulators have delayed price increases on a range of products this year.

The nation voted in local elections on March 31. The Istanbul election was rerun after the governing party challenged the result.

Turkish President Recep Tayyip Erdoğan’s family is from Rize. The region around the city is a centre of tea production.