Wednesday 22 June 2022

Inflation in Turkey: Researcher Won’t Hide the Figures Erdogan Doesn’t Want to See

A man buys bread in the Ulus district of Ankara, Turkey on May 5, 2022. © Burhan Ozbilici, AP

FRANCE 24: In May the official Turkish statistics institute established the inflation rate at 73.5 percent, the highest in the country since 1998 – a figure ENAG, an independent group of researchers, immediately disputed. It puts the real rate at around 160.80 percent. The director of the organisation became the target of judicial inquiries and political pressure, and is losing his position at his university.

His hands deep in the pockets of his apron, sporting a large drooping grey moustache, Zeki looks wearily at the fruits and vegetables lying in full view in his shop in Moda, in the heart of the Kadikoy district in Istanbul on the Asian side of the city. "Look at these beautiful pink heirloom tomatoes," he says, pointing his chin in their direction. "They're coming straight from Antalya. Normally in this season everyone wants them. What a waste."

A year ago, Zeki was selling the tomatoes for eight Turkish liras (.45 euros) per kilogramme. Today, he can't sell them for less than 20 (1.10 euros), more than double last year's price. Economists say inflation is to blame, but President Recep Tayyip Erdogan disagrees. He explained on June 6 that inflation doesn't exist in Turkey and that price increases are due to the growing cost of living. Denial » | Ludovic DE FOUCARD | Wednesday, June 22, 2022