Posts Tagged Central Banking
2015: The Year of Hyperinflation’s Return?

2015: The Year of Hyperinflation’s Return?

Turkey’s year-on-year inflation target has never been achieved and it seems like this setback will continue this year. The inflation data for July came out this morning and shocked many economists covering Turkey whose CPI estimates around 9% were beaten by the actual numbers. According to Turkey’s Stats Office, consumer price index in July was 9.32% meaning an unexpected pick-up mostly due to higher food prices. However the core inflation data indicates that the most recent failure in...

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