stoop on the case, the basics of life, food, electic, rates and income tax are all above governments twisted figures, not sure about 11.5% I would guess around 5-6%. the effect on idividuals depends on life style, borrowings etc. at least in Turkey bank rate keeps ahead of inflation rate unlike uk, local rates in turkey .1% costs us just over £120 a year in turkey while in uk £2200 a year, with councils now fining people for slightly overfilling a bins which only gets emptied ever other week.