US News Turkish inflation rate clearly increases over 20 percent
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In Turkey, the inflation rate is clearly climbed over the 20 percent mark. With the fourth increase in episode, the inflation rate reached 21.3 percent in November, as the Turkish statistical office announced in Ankara.
Most recently, the inflation rate had been located at the beginning of 2019 above the 20 percent mark. Analysts were surprised by the strength of the inflation in November. In the previous month, the inflation rate had 19.9 percent. The opposition and independent observers doubt the credibility of numbers. They expire from a much higher inflation.
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driven was the increase in the cost of life in life, especially due to higher prices for food. These were about 27 percent more expensive in November in Turkey than a year ago. Producer prices even increased by 54.6 percent in November. The prices that require producers for their goods should at least partially hit general consumer prices with some delay.
The Turkish opposition leader Kemal Kilicdaroglu moved to the building of the statistics authority on Friday and threw the establishment to manipulate the numbers: "You make the numbers smaller!" He said. The figures are not trustworthy and the authority has become a "palace facility". Independent observers like the enagrup, for example, value inflation significantly higher, in November, about 58 percent.
The Turkish President Recep Tayyip Erdogan had repeatedly fitted in the monetary policy of the central bank over the past few months. Contrary to common expert opinion, Erdogan consider the view that high interest rates promoted inflation. Many music bankers who placed more or less against Erdogan's views had to take their hat. First recently, the Turkish Central Bank had lowered interest rates to 15 percent - contrary to the practice of meeting a high inflation with an increase in the key interest rate.
Inflation in Turkey much worse than expected, the collapse of the book in question! .
© Pixabay Inflation in Turkey much worse than expected, the collapse of the book in question! At the highest for three years, inflation is four times higher than government forecasts. Inflation continues to jump in Turkey. The increase in consumer prices reached 21.31% year-on-year in November in Turkey (+ 1.5 points compared to October), after the Turkish pound tumble, according to official figures published on Friday.