Zeki Ceyhan: "What percent will inflation be?"

Zeki Ceyhan: "What percent will inflation be?"
Date: 31.1.2022 16:00

Milli Gazete columnist Zeki Ceyhan writes on Turkey's economy. Here is the full article.

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Until today, we have always witnessed that the government and the opposition made different predictions about inflation.
 
While the spokespersons of the government tried to show inflation at a low level as much as they could, the opposition wing was voicing higher, that is, more realistic numbers.
 
Now we are surprised to hear different numbers from the members of the ruling wing.
 
While the Minister of Treasury and Finance, Nureddin Nebati, made statements that the inflation rate would first reach forty percent and that it would be expressed in thirties by the end of the year, Central Bank Governor Kavcıoğlu kept the year-end inflation forecast at the level of twenty-two percent.
 
“Which guesses more accurately?” instead of asking, "Which one is closer to the truth in your opinion?" We prefer to ask.
 
Which explanation is closer to the truth in your opinion?
 
We find the statement made by the Minister of Treasury and Finance closer to the truth.
 
We should state that we find the statement made by the Central Bank Governor to be far from convincing. Although the Central Bank has increased its inflation forecast by nearly one hundred percent by the end of 2022, it is still far from convincing.
 
The Central Bank, which previously forecasted an inflation of around eleven percent for the end of the year, has not been as close to the truth as the statement made by the Minister of Treasury and Finance, although it increased this figure to twenty-two percent in its latest statement.
 
The statements made by both the opposition and experts on inflation contain higher figures.
 
It is said that the word inflation is no longer sufficient to describe the current situation, and that we have entered a period of hyperinflation.
 
Yes, until now, spokespersons of the government and opposition used to make different predictions about inflation. Even the members of the government now appear with very different numbers from each other.
 
We seem to understand why the President of the Central Bank is trying to keep inflation low. Because many balances of the country are based on this figure. Showing that number high is not in the interest of those who hold the administration. Despite this, we see it as a great chance that some of them, such as Nabati, the Minister of Treasury and Finance, come out with figures close to the truth.

YEREL HABERLER

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