Members of Turkey's main opposition Republican People's Party burn invoices to protest high electricity prices as they gather in front of a monument of the founder of modern Turkey, Mustafa Kemal Ataturk, in Ankara, Turkey, on Feb. 9, 2022. Burhan Ozbilici/AP Photo
ISTANBUL—Turkey’s president announced a significant reduction in taxes on basic food supplies Saturday as the country faces rampant inflation and numerous protests over eroding living standards.
President Recep Tayyip Erdogan said the value-added tax would be lowered to 1 percent from 8 percent on food purchases. His decision will be published in the Official Gazette and go into effect on Monday.
