Unofficial inflation in Turkey may reach unprecedented levels in recent years, reaching 69.97%, but informal inflation seems to be reaching 156% causing despair to the vast majority of citizens, while the countdown to the June 2023 general elections has already begun.
It is indicative that only the Syria, Zimbabwe, Lebanon, Sudan and Venezuela surpass the neighbor in… stratospheric inflation levels.
“A big part of the population of 85 million are struggling and for the basics they see their lives getting worse and this costs the Turkish president politically who had promised to reduce interest rates of the central bank and reduce inflation, while the opposite happened “commented the SKAI correspondent in Constantinople .
It is recalled that from 18% the central bank reduced interest rates to 14%, and inflation from 18% went to almost 70%, while there seems to be a continuation of inflationary pressures, unless Turkish economic policy changes.
“It takes three people to pay the rent,” a girl said on Turkish television. “We will be hungry. We we do not buy eggs and milk… “We only eat spaghetti,” said one young man.
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