Turkey’s annual inflation rate is almost 60 percent, finds research group
Shortly before the state agency TurkStat announced the official consumer inflation rate in Turkey in November 2021 as 21.31 percent, the Inflation Research Group (ENAG) had announced its own figure: 58.65 percent.
İstanbul - BIA News Desk
03 December 2021, Friday 13:08
Click to read the article in Turkish
Established by a group of academics and announcing alternative inflation rates in Turkey, the Inflation Research Group (ENAG) has estimated that Turkey's monthly consumer inflation rate was 9.91 percent and annual inflation rate was 58.65 percent in November 2021.
According to the ENAG, the highest monthly increase in prices was seen in the category of "recreation and culture" with 21.11 percent. The lowest monthly increase in prices was in communications (1.38 percent).
Commenting on the figures on his social media account, ENAG executive Prof. Veysel Ulusoy has said, "Policy rate has dropped, inflation has increased. Inflation is approaching uncontrollable rates."
While the wide gap between the figures announced by the state agency Turkish Statistical Institute (TurkStat) and those of the ENAG is found striking, economists, journalists and opposition politicians have long been criticizing that the TurkStat figures do not reflect the truth.
(HA/SD)
m.bianet.org
CHP leader not allowed to enter TurkStat building after inflation announcement
Questioning the accuracy of the TurkStat figures, Kılıçdaroğlu wanted to visit officials of the statistical authority. He was not allowed to enter the building.
İstanbul - BIA News Desk
03 December 2021, Friday 14:49
Photos: AA
Click to read the article in Turkish
Main opposition Republican People's Party (CHP) Chair Kemal Kılıçdaroğlu was prevented from entering the building of the Turkish Statistical Institute (TurkStat), the country's statistical authority.
After the TurkStat announced inflation figures for November, the accuracy of which were questioned by many, Kılıçdaroğlu said on Twitter that he would visit the institution.
"I requested an appointment from TurkStat. They didn't give one. For your information, I will be there at 11 a.m.," he wrote.
Ahead of his arrival, riot police were deployed in front of the TurkStat building in Ankara, the capital.
TurkStat officials did not let Kılıçdaroğlu, who was accompanied by CHP deputies Engin Özkoç and Selin Sayek-Böke, enter the building.
"The data is not reliable"
Kılıçdaroğlu then made a statement to reporters in front of TurkStat.
"The TurkStat figures concern our 84 million citizens. Political parties, economic circles and social circles make policies according to these figures.
"We asked for an appointment from the TurkStat Presidency yesterday ... They said an appointment was not given and they would not accept us."
"This picture is a very important one showing where Turkey has come," Kılıçdaroğlu said, noting that the authorities refuse to inform the country's main opposition party about how it obtained information to calculate the inflation rate.
Kılıçdaroğlu said the figures announced by the TurkStat were not reliable, pointing out the difference between the official figures and the inflation rate calculated by the Inflation Research Group (ENAG), a group of independent economists.
The ENAG announced the monthly inflation rate as 9.31 percent and the annual rate as 58.63 percent. (HA/VK)
m.bianet.org
The official inflation rate is a blatant lie!!!
Erdogan is leading Turkey to total destruction!!!
Shortly before the state agency TurkStat announced the official consumer inflation rate in Turkey in November 2021 as 21.31 percent, the Inflation Research Group (ENAG) had announced its own figure: 58.65 percent.
İstanbul - BIA News Desk
03 December 2021, Friday 13:08
Click to read the article in Turkish
Established by a group of academics and announcing alternative inflation rates in Turkey, the Inflation Research Group (ENAG) has estimated that Turkey's monthly consumer inflation rate was 9.91 percent and annual inflation rate was 58.65 percent in November 2021.
According to the ENAG, the highest monthly increase in prices was seen in the category of "recreation and culture" with 21.11 percent. The lowest monthly increase in prices was in communications (1.38 percent).
Commenting on the figures on his social media account, ENAG executive Prof. Veysel Ulusoy has said, "Policy rate has dropped, inflation has increased. Inflation is approaching uncontrollable rates."
While the wide gap between the figures announced by the state agency Turkish Statistical Institute (TurkStat) and those of the ENAG is found striking, economists, journalists and opposition politicians have long been criticizing that the TurkStat figures do not reflect the truth.
(HA/SD)
Turkeyâs annual inflation rate is almost 60 percent, finds research group
Shortly before the state agency TurkStat announced the official consumer inflation rate in Turkey in November 2021 as 21.31 percent, the Inflation Research Group (ENAG) had announced its own figure: 58.65 percent.
CHP leader not allowed to enter TurkStat building after inflation announcement
Questioning the accuracy of the TurkStat figures, Kılıçdaroğlu wanted to visit officials of the statistical authority. He was not allowed to enter the building.
İstanbul - BIA News Desk
03 December 2021, Friday 14:49
Photos: AA
Click to read the article in Turkish
Main opposition Republican People's Party (CHP) Chair Kemal Kılıçdaroğlu was prevented from entering the building of the Turkish Statistical Institute (TurkStat), the country's statistical authority.
After the TurkStat announced inflation figures for November, the accuracy of which were questioned by many, Kılıçdaroğlu said on Twitter that he would visit the institution.
"I requested an appointment from TurkStat. They didn't give one. For your information, I will be there at 11 a.m.," he wrote.
Ahead of his arrival, riot police were deployed in front of the TurkStat building in Ankara, the capital.
TurkStat officials did not let Kılıçdaroğlu, who was accompanied by CHP deputies Engin Özkoç and Selin Sayek-Böke, enter the building.
"The data is not reliable"
Kılıçdaroğlu then made a statement to reporters in front of TurkStat.
"The TurkStat figures concern our 84 million citizens. Political parties, economic circles and social circles make policies according to these figures.
"We asked for an appointment from the TurkStat Presidency yesterday ... They said an appointment was not given and they would not accept us."
"This picture is a very important one showing where Turkey has come," Kılıçdaroğlu said, noting that the authorities refuse to inform the country's main opposition party about how it obtained information to calculate the inflation rate.
Kılıçdaroğlu said the figures announced by the TurkStat were not reliable, pointing out the difference between the official figures and the inflation rate calculated by the Inflation Research Group (ENAG), a group of independent economists.
The ENAG announced the monthly inflation rate as 9.31 percent and the annual rate as 58.63 percent. (HA/VK)
CHP leader not allowed to enter TurkStat building after inflation announcement
Questioning the accuracy of the TurkStat figures, KılıçdaroÄlu wanted to visit officials of the statistical authority. He was not allowed to enter the building.
The official inflation rate is a blatant lie!!!
Erdogan is leading Turkey to total destruction!!!
Btw, I'd be very much interested to short it as well. 
