The War in the Middle East Also Hit Mobile Prices: A Raise Is Coming!

Ahmet Güleç, Deputy Chairman of the Turkish Exporters Assembly (TİM) and President of the Federation of Furniture Associations (MOSFED), gave bad news to citizens who want to buy furniture. President Güleç announced that, as in many other sectors, there are difficult times in their own sector due to the war in the Middle East, and that furniture prices may increase by the end of the year due to reasons such as high inflation and high cost of living.

In his statement on the subject, Güleç used the following statements: “Cost increases are felt more sharply in areas where labor is intense. It is expected that there will be a price increase of up to 45 percent at the end of the year due to the increase in raw material prices and labor costs. COSTS INCREASED BY 20 PERCENT Among the main reasons for this situation is the fact that inflation has not decreased. On the contrary, the increase in inflation in April also negatively affected the furniture sector.

Rental costs are one of the factors that challenge us the most.” As a company grows, rent expenses also increase. Rental prices have increased a lot recently. If inflation expectations are high and companies cannot produce enough orders, expenses naturally increase. In addition, rising material prices increase inflation-related anxiety. For this reason, our costs increased by an average of 20 percent in the first four months of the year.” SPONGE PRICES HAVE INCREASED BY 100 PERCENT President Güleç emphasized that sponge is an important material in furniture production and said, “The price increases in petrochemical products due to the war in the Middle East have led to an increase in the prices of many products in the sector.

For this reason, sponge prices increased by 100 percent. “Such increases are not at levels that can be compensated,” he said. Stating that the war in the Middle East as well as the Ukraine-Russia war negatively affected the sector, President Güleç said, “Although we do not expect an increase in May, we think there will be an increase in prices starting from June.”