{"id":36166,"date":"2022-06-06T17:21:44","date_gmt":"2022-06-06T22:21:44","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=36166"},"modified":"2022-06-06T17:21:44","modified_gmt":"2022-06-06T22:21:44","slug":"but-isnt-our-inflation-bad","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2022\/06\/06\/but-isnt-our-inflation-bad\/","title":{"rendered":"But Isn’t Our Inflation Bad?"},"content":{"rendered":"

AL-Monitor<\/strong><\/em> reports<\/a> on Turkey’s problems with its economy:<\/p>\n

Turkey\u2019s consumer inflation has hit a 24-year high of 73.5% and the Turkish lira has lost 49% of its value since September as President Recep Tayyip Erdogan pursued a controversial policy to lower interest rates and promote growth at the expense of inflation spiraling out of control.<\/p><\/blockquote>\n

Ouch. Maybe we’re doing better than expected. Although, honestly, I didn’t understand this next paragraph:<\/p>\n

Consumer prices\u00a0rose 2.98% in May<\/a>\u00a0to bring annual inflation to 73.5%, the\u00a0highest since 1998<\/a>, according to data released Friday by the Turkish Statistical Institute (TUIK).<\/p><\/blockquote>\n

A big recovery for the consumer?<\/p>\n

The monthly rate was below the projections of economists, rekindling a debate on how reliable the official data is. The median estimates in polls conducted by\u00a0Reuters<\/a>\u00a0and the state-run\u00a0Anatolia news agency<\/a>\u00a0had stood at 4.8% and 5.49%, respectively. Many observers also noted that TUIK, whose chief was\u00a0controversially fired<\/a>\u00a0earlier this year, stopped releasing detailed price tables this month.<\/p><\/blockquote>\n

So hard to say. Maybe I’ll ask my Arts Editor to return to a former life as a banker, spiritually speaking, and interpret this for me.<\/p>\n

Or will she die laughing at that entire idea?<\/p>\n","protected":false},"excerpt":{"rendered":"

AL-Monitor reports on Turkey’s problems with its economy: Turkey\u2019s consumer inflation has hit a 24-year high of 73.5% and the Turkish lira has lost 49% of its value since September as President Recep Tayyip Erdogan pursued a controversial policy to lower interest rates and promote growth at the expense of \u2026 Continue reading → <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36166","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/36166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=36166"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/36166\/revisions"}],"predecessor-version":[{"id":36167,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/36166\/revisions\/36167"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=36166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=36166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=36166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}