American economist challenges Turkish gov't official figures, claiming inflation 26.6%

Steve Hanke, an economics professor at Johns Hopkins University, shared an update on social media regarding Türkiye's annual inflation rate, stating it to be 26.6%. In his post, he remarked, "Türkiye is starting to resurface."

Hanke's commentary on Türkiye's inflation continues as he contrasts his findings with TurkStat data, which reported an annual inflation rate of 49.38% in October. Previously, Hanke had announced his own calculation of 27% for the annual inflation rate.

https://twitter.com/steve_hanke/status/1845373912714183165

In his latest update, he again noted the annual inflation rate at 26.6%, accompanied by a visual representation.

Türkiye is starting to resurface, inflation drops to 26.6%, says American expert

In his message, tagged with "Watch Türkiye," Hanke indicated that inflation is decreasing in the country, stating, "Türkiye is starting to resurface."

Earlier in October, TurkStat announced the annual inflation rate at 49.38%. Just one day later, Hanke used his methodology to calculate the inflation rate at 27%.

October 17, 2024 02:13 PM GMT+03:00