The issues of inflation, price increases and early elections began to be discussed in Turkish social networks. According to the report of the inflation analysis group, the consumer price index Consumer Price Index in Turkey increased by 49.87% in 12 months. Steve Hanke, professor of economics at Johns Hopkins University, said that the inflation rate in Turkey is estimated at 58.75%. Hanke wrote the following in his post on the social network:

“The Central Bank reported that in October the official inflation rate in Turkey was 19.89%. These numbers do not correspond to reality. In fact, inflation in Turkey is 58.75%.”

After analyzing this situation at the meeting, the opposition parties (“The National Alliance”) issued a statement that  elections should be held in the country. After the meeting, in his speech, the chairman of the Republican People’s Party (NPA) Kemal Kilicdaroglu said:

“The Turkish lira has experienced a record decline, but there is no such body offering a solution. The Central Bank has ceased to perform its function when, in a normal situation, it should have been engaged in price stabilization, now it has become an institution that, as an observer, monitors the devaluation of the Turkish lira and the appreciation of the currency.”

In Turkish social networks, the issues of inflation, price increases, and early elections began to be discussed.

Mersin MP Ali Mahir Bashar comments on the report of the Inflation Analysis Group (ENAG) as follows: “According to the inflation analysis group, the consumer price index (CPI) rose by 6.90% in October. CPI growth over the last 12 months was 49.87%. Citizens are aware of the real inflation figures, the receipts are appropriate at the market and in the store. Let the Turkish Statistical Institute (TÜIK) continue to sell fantasies”:

Steve Hanke reports the following information:

“The Central Bank of Turkey announced in October the official inflation in Turkey of 19.89% per year. This indicator is absolutely wrong. Using high-frequency data and principles of public private partnership, I estimate inflation in Turkey at 58.75% per year. It is rather a daily dishonesty on the part of President Erdogan and the Central Bank of Turkey”:

    Economist Taner Unal publishes the following comments: “My dear friends, at the time of writing the dollar was 11.30, and the situation is uncertain. The dollar is getting more expensive, and interest rates are falling. Real inflation is  around 60%, but the perception of inflation remains within 20%. Government speakers and supporters said that along with the devaluation of the Turkish lira, exports will grow and there will be a surplus. This is logically correct. However, our country has nothing left to produce, its national economy has collapsed, it lives on imports”

Retired civil servant Metin Topchu publishes the following response:”What kind of thinking governs our country? Even the inconclusive inflation rate recorded by the Turkish Statistical Institute (TÜIK) is very high. Real inflation is at least 40%”.