A Uniquely Turkish Disease:  High Chronic Inflation

• In June 2021, Turkish CPI rose to 17.5% YoY.

• Turkey is among the top ten of high-inflation countries

• Double-digit inflation is extremely costly for society.

• The main reason why Turkey can’t beat inflation is President Erdogan’s strange views on monetary policy and capital investment

• Inflation is likely to rise further throughout the year, dooming Turkey to “stagflation” as long as Erdogan is in power.

• It is also the number one reason for TL to depreciate continuously.

• Can Turkish inflation be cured?

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