ENAGrup, a research organization that assesses thousands of prices within Turkey, said Monday that the true annual inflation rate is 82.81%.
An independent inflation research group ENAGrup, which assesses thousands of Turkish prices, estimates that annual inflation for November was more than 58%.
Ulusoy said ENAG’s research has appeared in a peer-reviewed journal and called the allegation baseless, but anticipated charges would be filed in the coming months.
Independent experts at Inflation Research Group, or ENAG, say Turkey’s actual annual inflation for December was 82.81%.
Independent economists have also calculated that Turkey’s true inflation rate could be as high as 82%.
Prices in Turkey are surging. But by how much? Depending on whom you ask, inflation is either around 17% or 40%
“We observed price differences and volatility in almost all groups in the basket,” Ulusoy said in an interview. ENAG brings together academics from multiple Turkish universities.
Turkish monthly inflation was more than triple the official rate in September, according to a new model developed by a group of academics and researchers based on more frequent data than the government statistics office.
An independent institution headed by academics from several Turkish universities, ENAGrup, reportedly estimated that prices actually grew by 36.7% in 2020.
A local research group, ENAG, that uses a similar basket of goods determined the actual rate of inflation in 2021 should have been 82.8% at end-2021.
ENAGroup, an independent inflation research organization argued that real inflation figures exceed the official data by a big margin.
Independent economic institutes such as the Inflation Research Group (ENAG) calculated last month’s annual inflation rate at 82.8 percent.
Des économistes turcs du Groupe de recherche sur l’inflation (ENAG) affirment que le taux réel d’inflation a atteint 82,8% sur un an, bien au-delà des chiffres officiels.
According to Turkey’s influential ENAGrup the December rate was much higher still at 82.8%. Official producer price inflation was 79.9% and this will feed through into official consumer price inflation in the coming weeks.
Ekonomi alanında çalışan ekonomistler ve uzmanlar tarafından kurulan Enflasyon Araştırma Grubu (ENAG) yakın zamanda Türkiye’de iklim krizi ve enflasyon ilişkisi üzerine çalışmalara başladığını duyurdu.
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