Today, Erdogan sacked the TurkStat Chief due to Turkey's surging official inflation rate. In Dec 2021, TurkStat reported inflation @ 36.08%/yr. Total fiction. Today, I accurately measure inflation @ 97.5%/yr. Turkey’s official inflation data is straight out of science fiction.
Pres. Erdogan says “we are rapidly moving towards our goal of placing Turkey among the top 10 economies.” Clearly, RTE is delusional. With his nutty Islamic finance ideas, Turkey is headed down, not up.
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