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prof. Dr. First comment from Veysel Ulusoy on annual ‘inflation’ information: He gave a date, invited to Ankara

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Citizen struggling with the cost of living under the rain of increase; continues to suffer under inflation. Finally, the Turkish Statistical Institute (TUIK) announced the Consumer Price Index (CPI) and Domestic Producer Price Index (D-PPI) numbers for April.

According to TURKSTAT, the Consumer Price Index increased by 7.25 percent in April and became 69.97 percent on an annual basis. While the domestic PPI increased by 7.67 percent in April, it was realized as 121.82 percent on an annual basis.

NUTRITIONAL INFLATION RESISTED TO 90 PERCENT

According to the information, the main clusters in which the increase was higher compared to the same month of the previous year were transportation with 105.86 percent, food and non -alcoholic with 89.10 percent, respectively. Drinks were household items with 77.64 percent.

The lowest annual increase was in the communication main cluster with 18.71 percent. Other main clusters where the increase was lower compared to the same month of the previous year were clothes and shoes with 26.23 percent, education with 27.73 percent and health with 35.95 percent, respectively.

On a monthly basis, the highest increase was in food with 13.38 percent.

ENAG: ANNUAL INFLATION 156.86 PERCENT

Inflation Research Cluster (ENAgroup), on the other hand, announced that consumer prices increased by 8.68 percent monthly and 156.86 percent annually in April. ENAG announced that the inflation figures for March were 142.63 percent annually.

“EVERYONE KNOWS THAT THE INFLATION RATE ON THE SHELF IS ABOUT 200 PERCENT”

Evaluating the inflation information to the Republic, Economist Prof. Dr. Veysel Ulusoy said, “The gap in the middle of two pieces of information is the same gap that the street feels.”

Ulusoy underlined that no one-year increase is observed below 150 percent or 200 percent in any work anymore, he said.

“I think the decision makers in the public sector also know this,” said Ulusoy, “But the state is always stingy with negative data. I think it wants to continue using this stinginess, but I think they know better than me that the inflation and salary increases should be paralleled. ‘ he used the words.

“Turkey’s economy has been in deep crisis since February 2018 and since 2020 He is in a deep depression. Friends in Ankara need to take for granted that the main way out of this is through consumption expenditures, which make up at least 65 percent of the national income, and that for this, prices must rise above the perceived inflation.”

“THEY CAN SEE WHEN YOU ENTER THE SITE OF TURKSTAT…”

Ulusoy, “No matter what anyone says, neither the Minister of Finance, nor the Minister of Foreign Affairs, nor any other minister. .. Let them know that; When they enter the TurkStat page and put the percentage increases in the indexes, they can see how far the index will rise, where it will reach the highest point, and where the truth will go down after that,” he said.

GIVEN THE DATE: ‘WE WILL SEE THREE HOUSES BY TURKSTAT’

Making evaluations for the continuation of 2022, Ulusoy said, “Turkey’s economy is either 90 percent in October and November compared to TUIK. or 100 percent, that is, it will reach three digits. After that, when there is a monthly inflation rate below 13 percent compared to the inflation rate in December or the increase in taxes, compared to the minimum wage increase, it will go down the truth.”

Ulusoy said, “But this does not show that the cost of living will not increase. The cost of living will constantly increase in Turkey and we will feel the cost of living in an incredible way for at least 3 more years.”

INVITATION TO ANKARA

Ulusoy ended his words as follows :

“Therefore, I emphasize again; a group in Ankara is now shouting that the real prices should be increased above the perceived inflation. needed, as a decision maker.”

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