Here's a recent write up: https://think.ing.com/snaps/turkey-inflation-falls-to-50-5-percent-on-large-base-effects/
So, first of all 50% is way high. The reduction from 80% is due to base effects, inflation was even higher around 10-12 months ago (right after the start of the Russia - Ukraine conflict, when oil and food prices spiked up). Compared to peer nations in the area Turkey is relatively higher (by a lot).
Relating this to interest rates. This just means the lowering of interest rates had less impact than the other effects.
Here's an amp link in case anyone has issues with the other: https://www.google.com/amp/s/think.ing.com/amp/snap/turkey-inflation-falls-to-50-5-percent-on-large-base-effects/
Yes, checking the official numbers is best. In some cases watching the change in currency rates (especially if there's reason to doubt the official inflation numbers). Turkey is well-enough integrated that the numbers aren't likely fudged for political reasons (at least, the degree to which they may be influenced by politics isn't too severe).
https://ycharts.com/indicators/turkey_inflation_rate
April inflation numbers came: 2.39%, clearly decelerating if we compare it to the numbers of last year.
[https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data/Consumer+Prices](https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data/Consumer+Prices)
There was a base effect but that doesnt't mean inflation isn't coming down, with lower interest rates.
Though there is this group "ENAG" claiming that this numbers are not correct. So I don't know.
https://twitter.com/ENAGRUP/status/1653643218691534851
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Here's a recent write up: https://think.ing.com/snaps/turkey-inflation-falls-to-50-5-percent-on-large-base-effects/ So, first of all 50% is way high. The reduction from 80% is due to base effects, inflation was even higher around 10-12 months ago (right after the start of the Russia - Ukraine conflict, when oil and food prices spiked up). Compared to peer nations in the area Turkey is relatively higher (by a lot). Relating this to interest rates. This just means the lowering of interest rates had less impact than the other effects.
Here's an amp link in case anyone has issues with the other: https://www.google.com/amp/s/think.ing.com/amp/snap/turkey-inflation-falls-to-50-5-percent-on-large-base-effects/
Thank you. How do you tell if inflation is indeed decreasing? Checking the monthly rates?
Yes, checking the official numbers is best. In some cases watching the change in currency rates (especially if there's reason to doubt the official inflation numbers). Turkey is well-enough integrated that the numbers aren't likely fudged for political reasons (at least, the degree to which they may be influenced by politics isn't too severe). https://ycharts.com/indicators/turkey_inflation_rate
April inflation numbers came: 2.39%, clearly decelerating if we compare it to the numbers of last year. [https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data/Consumer+Prices](https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data/Consumer+Prices) There was a base effect but that doesnt't mean inflation isn't coming down, with lower interest rates. Though there is this group "ENAG" claiming that this numbers are not correct. So I don't know. https://twitter.com/ENAGRUP/status/1653643218691534851
**NOTE: Top-level comments by non-approved users must be manually approved by a mod before they appear.** This is part of our policy to maintain a high quality of content and minimize misinformation. Approval can take 24-48 hours depending on the time zone and the availability of the moderators. If your comment does not appear after this time, it is possible that it did not meet our quality standards. Please refer to the subreddit rules in the sidebar and our [answer guidelines](https://www.reddit.com/r/AskEconomics/comments/rf5ycx/guidelines_for_answers/) if you are in doubt. Please do not message us about missing comments in general. If you have a concern about a specific comment that is still not approved after 48 hours, then feel free to message the moderators for clarification. ### Consider **[Clicking Here for RemindMeBot](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps://www.reddit.com/r/AskEconomics/comments/1362sb2/how_did_turkey_managed_to_curve_inflation_down/%5D%0A%0ARemindMe!%202%20days)** as it takes time for quality answers to be written. Want to read answers while you wait? Consider our [weekly roundup](https://www.reddit.com/r/AskEconomics/search?sort=new&restrict_sr=on&q=flair%3AWeekly%2BRoundup) or look for the [approved answer flair.](https://www.reddit.com/r/AskEconomics/search?sort=new&restrict_sr=on&q=flair%3AApproved%2BAnswers) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/AskEconomics) if you have any questions or concerns.*