Inflation Research Group (ENAG) shared the inflation data it calculated for June. The June inflation calculated by ENAG was 8.54 percent, while the annual inflation was 108.53 percent.
Recently, the independent inflation calculations published by ENAG were closely followed by the public, along with the claims that Turkstat did not calculate inflation correctly. In particular, market actors who believed that the CPI data announced by ENAG was more accurate than TUIK, started to rely on ENAG as data, not TUIK.
A recent event was the clearest indication of this. Inflation published by ENAG was mentioned for the first time in an official document and was described as a base inflation indicator. In a PDP statement published by Galatasaray Sports Club, it was stated that a 5-season agreement was signed regarding the stadium naming rights and that the average of the CPI and PPI data announced by TURKSTAT and the Inflation Research Group will be taken to determine the naming rights and sponsorship prices to be determined for the other seasons after the 2023-2024 season.
The full text of the statement is as follows:
A new stadium naming right and sponsorship agreement has been signed between our company and Galatasaray Sports Club and Rams Global İnşaat Sağlık Dış Ticaret Anonim Şirketi for 5 seasons, starting from the 2023-2024 season. The stadium name and sponsorship cost for the 2023-2024 Football Season has been determined as 213,600,000,00 TL + VAT (two hundred thirteen million six hundred thousand Turkish lira + VAT). For the contract prices for the following seasons, the increase rate will be determined by taking the average of the PPI and CPI rates to be announced by the Turkish Statistical Institute and the Inflation Research Group.
2023-2024 Stadium name and sponsorship fee will be 213.6 million-TL + VAT, 36%, 77.420.000-TL + VAT will be paid to Galatasaray Sports Club, 64% will be paid to our company 136.180.000-TL + VAT. In addition, premium payments will be made to our company in accordance with the premium and reward system based on sportive success.
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