Turkey's Erdogan says he is saddened by inflation at 36% in 2021

People shop at a local market in Fatih district in Istanbul, Turkey January 13, 2021. Picture taken January 13, 2021. REUTERS/Murad Sezer

ISTANBUL, Jan 3 (Reuters) - President Tayyip Erdogan said on Monday he was saddened by Turkey's 2021 annual inflation after it soared to 36.1%, adding his government was determined to lower it to single digits.

Speaking after a cabinet meeting, Erdogan also said the rise in inflation was due to an increase in global commodity prices and a decline of the lira, which lost nearly 44% of its value last year.

He also said authorities would inspect exorbitant price rises and announced additional support for civil servants' and pensioners' wages.

Reporting by Ali Kucukgocmen and Ezgi Erkoyun Editing by Mark Potter

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