Inflation Drives Tourists and Locals from Turkish Resorts to Greece Restaurants in Turkey’s holiday towns are struggling this summer as soaring inflation, reaching 91% in some areas, drives both locals and tourists away. Social media posts highlight exorbitant prices in Turkish resorts, while a fast-track visa program has facilitated a significant increase in Turkish visitors to Greek islands. The devaluation of the Turkish lira has eroded purchasing power, leading to a decline in business for many eateries, despite some restaurants seeing a shift in clientele from higher-income segments. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts HSBC Predicts High Commodity Prices in 2024, Decline Expected in 2025 READ MORE Fund Managers Shy Away from Gold Despite Record Prices READ MORE ECB Lowers Rates for First Time Since 2019 Amid Inflation Concerns READ MORE "US Taxpayers Owe $3/4 Million Each, It's the Biggest Banana Republic of All" – Mike Maloney READ MORE What Is the Gold Spot Price and How Is It Set? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment