Inflation rate was 129% says ENAG and not 64.86 as stated by TurkStat
The war on numbers continues in Turkey with the government trying to deny the heavy economic crisis. Inflation rate was 129% according to ENAG and 64.86 according to TurkStat.
The war on numbers continues in Turkey with the government trying to deny the heavy economic crisis.
The first inflation figures for the year have been disclosed by both the Turkish Statistical Institute (TurkStat) and the ENAGroup – Inflation Research Group. While ENAG reported an annual inflation rate of 129 percent, TurkStat announced that the inflation rate was only half of what ENAG indicated.
According to TurkStat, inflation in January reached 6.70 percent compared to the previous month and 64.86 percent compared to the same month of the previous year.
The main increase was registered in clothing and footwear, with a decrease of -1.61 percent. In contrast, the group with the highest increase compared to the previous month in January was health, with a rate of 17.68 percent.
