inflation

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Erdoğan's free gas pledge impacts inflation numbers, undermines wage negotiations

Erdoğan's free gas pledge impacts inflation numbers, undermines wage negotiations

TurkStat's reported annual inflation rate of 39.6% in May will have implications for upcoming wage deal talks, a trade union asserts.

TurkStat announces inflation at 43%, continues to withhold inflation basket despite court ruling

TurkStat announces inflation at 43%, continues to withhold inflation basket despite court ruling

ENAG reports that Turkey's inflation rate remains in triple digits. Despite DİSK's win in a lawsuit against the suspension, the official statistical institute continues to withhold the publication of its inflation basket.

Turkey's official inflation rate drops to 50.51 percent

Turkey's official inflation rate drops to 50.51 percent

According to an inflation monitor run by a group of economists, the inflation rate was twice as high as the official figures.

Turkey has highest food inflation among OECD countries

Turkey has highest food inflation among OECD countries

The organization measures Turkey's inflation at 57,7 percent for 2022 and forecasts the inflation to remain in the 40 percent range for 2023 and 2024.

Türkiye's statistical authority files new case against Inflation Research Group

Türkiye's statistical authority files new case against Inflation Research Group

Founded by a group of economists, the ENAG has been releasing inflation figures since 2020. The group's calculations are much higher than those of TurkStat, whose reliability has been widely questioned by economists and opposition parties.

Türkiye's official inflation rate drops to 55 percent

Türkiye's official inflation rate drops to 55 percent

The inflation rate was 126.915 percent, according to the ENAG, an independent group of economists.

Rents leap after the earthquake

FEBRUARY 6 EARTHQUAKES

Rents leap after the earthquake

Monthly rent of a two-room flat in the parts of Diyarbakır which was not affected by the earthquake rose from 3 thousand lira to around 7 thousand 500. Rents that were 800 lira increased to 4,000 lira in Elazığ.

16 February 2023 Nur Kaya

Türkiye's inflation drops to 64 percent in December due to base effect

Türkiye's inflation drops to 64 percent in December due to base effect

The official inflation rate declined from 84 to 64 percent whereas the ENAG's inflation rate dropped from 170 to 137 percent.

İstanbul's inflation rate surpasses 92 percent

İstanbul's inflation rate surpasses 92 percent

The İstanbul Chamber of Commerce has released the inflation statistics for December.

Minister warns grocery chains not to increase prices too much after minimum wage hike

Minister warns grocery chains not to increase prices too much after minimum wage hike

The government has blamed the country's largest grocery chains over high food prices.

26 December 2022

Over 85,000 small businesses closed in Türkiye in 11 months

Over 85,000 small businesses closed in Türkiye in 11 months

In the first 11 months of the year, some 85,785 craftspeople closed their business, according to statistics from the Confederation of Turkish Tradesmen and Craftsmen (TESK).

22 December 2022

Blamed by ruling alliance over high food prices, Türkiye's grocery chains face attacks, threats

Blamed by ruling alliance over high food prices, Türkiye's grocery chains face attacks, threats

Amid record-high inflation and increasing price hikes, supermarket chains are linked to a designated "terrorist" organization and blamed by Türkiye's ruling coalition. A store was vandalized in southern Türkiye.

8 December 2022 Wouter Massink

Türkiye's official inflation rate at 84.39 percent in November

Türkiye's official inflation rate at 84.39 percent in November

The inflation rate dropped about 1 percentage point in a month. According to the ENAG, the rate is over 170 percent.

5 December 2022

Drinking coffee at coffee shops 'becomes luxury'

Drinking coffee at coffee shops 'becomes luxury'

Coffee lovers complain about sky-high coffee prices. "I have put myself a limit. Even when I drink coffee out, I will have only one," some say.

10 November 2022 Ece Deniz

Central Bank is following 'Erdoğan's path'

Central Bank is following 'Erdoğan's path'

The bank has cut the policy rate by 150 basis points and signaled that it may consider stopping interest rate cuts after next month's meeting.

21 October 2022 Wouter Massink

Türkiye's official inflation rate exceeds 83 percent

Türkiye's official inflation rate exceeds 83 percent

The inflation rate was over 186 percent according to ENAG, a group of independent economists.

İstanbul's annual inflation rate exceeds 107 percent

İstanbul's annual inflation rate exceeds 107 percent

Hosing expenditures increased by 6.43 percent and food expenditures increased by 3.64 percent in a month in the metropolis of 15.4 million people, finds the İstanbul Chamber of Commerce.

Türkiye's official inflation rate at 80 percent in August

Türkiye's official inflation rate at 80 percent in August

According to an independent group of economists, the annual inflation rate was over 181 percent last month.

5 September 2022

Türkiye's official inflation rate exceeds 79 percent

Türkiye's official inflation rate exceeds 79 percent

An independent group of economists found the annual inflation rate was over 176 percent in July.

İstanbul's inflation rate hits 24-year high

İstanbul's inflation rate hits 24-year high

The annual increase in retail prices was 99.11 percent and in wholesale prices was 87.95 percent n the metropolis.

Turkey's official inflation rate surpasses 78 percent

Turkey's official inflation rate surpasses 78 percent

An independent group of economists found the annual inflation rate was over 175 percent in June.

Food sales declined in February amid high food inflation

TURKSTAT

Food sales declined in February amid high food inflation

The annual food inflation rate was 70 percent in March and over 64 percent in February, according to official statistics.

Cheap labor and food inflation at the same time

Cheap labor and food inflation at the same time

Governments that view cheap labor as an instrument of growth already tend to implement anti-democratic practices; we should take into account that repression may increase even more in periods like this.

14 April 2022 Bülent Danışoğlu

HDP's Oluç: It is impossible to curb Turkey’s inflation with such an attitude

HDP's Oluç: It is impossible to curb Turkey’s inflation with such an attitude

HDP Group Deputy Chair Saruhan Oluç has talked about Finance Minister Nebati’s statements: “He said, ‘Inflation will fall after December.' Why will you reduce it after December? Because elections are coming, right?”

Half of people in Turkey 'eat less' to make ends meet, shows survey

Half of people in Turkey 'eat less' to make ends meet, shows survey

More than 60 percent of the people said they stopped eating meat because of the worsening economy.

HDP demands abolishing taxes on basic needs such as medication

HDP demands abolishing taxes on basic needs such as medication

HDP Spokesperson Günay: “The period which saw the highest inflation was March 2002 with 65 percent. With the recent figures, the annual inflation has hit a 20-year high”.

Average rent price in İstanbul exceeds minimum wage

Average rent price in İstanbul exceeds minimum wage

Flat sharing is becoming more popular among the working population as living costs in the city continue to increase.

‘If Turkey does not change its policy, hyperinflation is imminent’

PROF. DURMUŞ

‘If Turkey does not change its policy, hyperinflation is imminent’

According to economist Prof. Mustafa Durmuş, the sole reason behind the high inflation rates is increasing costs. And the trigger? The government’s interest rate policy…

6 April 2022 Hikmet Adal

‘How much poorer could one get in Turkey?’

İYİ PARTY CHAIR AKŞENER

‘How much poorer could one get in Turkey?’

Speaking at the group meeting of her party, İYİ Party leader Meral Akşener has recalled that the consumer inflation rate is over 61 percent even according to official statistics, underlining that this rate marks a 20-year high in Turkey’s history.

Prices constantly soar in Turkey: ‘We are embarrassed to tell customers a price’

Prices constantly soar in Turkey: ‘We are embarrassed to tell customers a price’

Shopkeepers are tired of listening to people’s problems and changing price tags and embarrassed to tell customers a price amid constantly rising prices. As for customers, they are desperate: “Some even ask the tare weight of plastic bags to be deducted”.

6 April 2022 Ayşegül Özbek

‘Turkey’s real inflation rate is 143 percent’

CHP CHAIR KILIÇDAROĞLU

‘Turkey’s real inflation rate is 143 percent’

CHP leader Kılıçdaroğlu has said, “According to Inflation Research Group, annual inflation is 143 percent. Yes, true. The price of potatoes has soared by 207 percent, cucumbers by 193 percent, aubergines by 185 percent, margarin by 160 percent…”

İstanbul: Living costs have increased by 73 percent in a year

İstanbul: Living costs have increased by 73 percent in a year

The cost of living increased by 11.17 percent in the city in a month, according to the March report of the İstanbul Planning Agency of the İstanbul Metropolitan Municipality.

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