Latest figures released show inflation currently running at 11.8%, which is even higher than independent analysts projected (9.98%) for April. Food and transport showed the largest increases, behind alcohol and tobacco. Although interestingly, the Turkish Statistical Institute (TÜiK) reckoned it was clothing and footwear that had the largest increases. Well, the wouldn't want to highlight that food is increasing in price so much, would they? Or am I just being cynical
I just read a bit in the
Sabah:
The new data was in line with the Turkish Central Bank's recent forecast and previous inflation figures during the past few months.
The Central Bank raised its inflation forecast for 2017 to 8.5 percent from a previous forecast of 8 percent, according to the second inflation report revealed on April 28.Sorry guys, your arithmetic is even dodgier than a basket of shoeboxes.
Now that the wee fella is the all powerful supreme leader, I wonder what he's going to do about the highest inflation rate for nearly ten years?
JF