Ankara-Sana
Contrary to the promises made by the Turkish regime, in which it said that inflation will stop completely starting from the middle of this summer, the Turkish Statistical Institute announced that the economic inflation in the country during the month of July reached 1.8 percent.
Sky News quoted the institute as saying that the total inflation rates that have accumulated throughout the country during the past months alone amounted to 18.95 percent, which means a decline in living standards and an increase in poverty in the country because the Turkish government did not give any incentives or increases during this period.
The figures of the Turkish Statistical Institute pointed out that housing prices were the sector most affected by inflation during July, as it exceeded the limits of 5 percent, followed by foodstuffs, whose inflation reached 2.7 percent in one month.
In another postponement of the solutions that the government of the Recep Tayyip Erdogan regime must take, the head of the Turkish Central Bank, Shihab Kavcioglu, who was recently appointed by Erdogan, claimed that the current sharp increases in inflation levels in the country are temporary and that the last quarter of this year will be a period of stabilization for inflation, pledging that a mechanism will start Inflation slowed down from the end of this month.
In turn, the economist Marwan Kasabi attributed the causes of inflation to corruption in the relationship between the political and monetary fields in the country, and told Sky News that "Erdogan wants everything to be in his hands, even monetary policies that are supposed to be completely independent."
Kasabi explained that "the Central Bank of Turkey was outside the control of the president and a team close to him and was achieving inflation of about 5 percent annually, but when Erdogan began interfering in that matter since 2012, inflation rose to 14 percent annually," adding that "inflation will reach 25 percent during the year." This will affect education, sustainable development, the development of society and public life in the country.”
It is noteworthy that the accumulation of failures of Erdogan's internal and external policies at the political and economic levels over the years reflected negatively on his country's economy, which put unprecedented pressure on the Turkish lira and led to an increase in inflation rates and the spread of unemployment.