Turkey’s annual inflation is almost 60%, a research team finds
Just before government agency TürkStat announces official inflation rate consumer inflation in Turkey in November 2021 at 21.31%, the Inflation Research Group (ENAG) had announced its own rate: 58.65%.
The Inflation Research Group (ENAG), founded by a group of academics and announcing alternative inflation rates in Turkey, estimated that Turkey’s monthly consumer inflation was 9.91% and annual inflation was 58.65% in November 2021.
ENAGrup Consumer Price Index increased by %9.91 in November.
The last 12 months increase in ENAGrup Consumer Price Index (E-CPI) is %58.65.
– ENAG (@ENAGRUP) December 3, 2021
According to ENAG, the largest monthly price increase was recorded in the category “leisure and culture” with 21.11%. The lowest monthly price increase was recorded in communications (1.38%).
Commenting on the data on his social media account, ENAG Executive Director Prof. Weisel Ulusoy said, “The key interest rate has fallen, inflation has risen. Inflation is approaching at an uncontrollable rate.”
While the wide gap between the figures released by the Turkish State Statistics Service (TürkStat) and those of ENAG is striking, economists, journalists and opposition politicians have long criticized TürkStat figures for not reflecting the truth.
It is characteristic that if the data is announced by the Turkish Statistical Service, Official Opposition Leader Kemal Kilicdaroglu Arrives at Office to request information on publications.
An unknown person blocked the entrance to the president of the Republican People’s Party (CHP) and said that he could not allow him to enter.
Petros Kranias
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
