Nihat Kara, Former Chief Economist of the CBRT, shared his calculations on the causes of inflation with a post on Twitter today. Kara stated that most of the inflation is due to factors unique to us.
After the Fed announced a new rate hike in the past few days, many of us have started to worry when looking at the stock markets. Since the first days of the year, the fluctuations and rises in the markets continue to show their effects almost all over the world and affect the lives of all of us.
The previous day, we talked to you about the US-based investment bank JPMorgan’s inflation forecast for Turkey. Unfortunately, the picture that JPMorgan drew was not very encouraging. Today, Hakan Kara, the former Chief Economist of the Central Bank of the Republic of Turkey, made a remarkable sharing about the causes of inflation.
“The vast majority of inflation is caused by factors unique to us”
As you know, not only in our country, but also in the whole world, economic problems have begun to arise. However, the CBRT former Chief Economist Hakan Kara shared on Twitter, that most of these changes in inflation are due to us. revealed.
Black in his post “According to my current calculations 20 points of inflation, which was 70% in April, is due to external prices, and 50 points are due to factors unique to us.“ gives his words. Kara, who did not include details about the reasons for this increase in inflation due to ‘us’, made a big noise with her sharing.
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Thanks to Kara, who also included the sources she used while making her calculations. In a short time, a large number of users responded.
Here are some of those answers:
