Turkey’s inflation passes 75% in what economists believe is peak

42 comments

1. Good luck buying imports with these rates

2. Peak is when Erdo says so

3. Steam games are gonna become even cheaper

4. If it’s just a peak, no biggie then !

5. Peak stupid?

6. This is not even the ‘real’ inflation. I am Turk living in the UK:

   1 kg mince: £5-6 in the UK

   1 kg mince £10 in Turkiye

   My countrymen are earning less and spending more!

7. Yay! More billionaires! Less jobs! More minimum wage earners! Less investments! Oligarchy is fun!

8. Turikiyaiyaie stronk 💪

9. Since the whole coup thing, inflation has been steadily climbing. And you’re telling me the overall peak that was reached across all these years is a rate of 75%, and that this speed was only reached just about now?

10. How can they fuck it up so bad?

11. – It’s the worst day of my life 😔

    – Worst day of your life so far!😊

12. From turkey and i can say we got the lowest iq in eu

13. Everyone’s wages keep going up, Erdogan just cannot stop winning.

14. Peak, for now….

15. If interest rates are at 50% which is very high how come there is so little effect?

16. So that’s what Gen Z means when they called something **Peak**.

17. peak until tomorrow

18. All these economists are rushing to buy Turkey’s government bobds to bank on their belief, I presume.

19. That’s what happens when a potential football player choose to ~~fuck his own country~~ become president

20. Putin agrees 😂

21. Türkish in Turkey ???

    What kind of money do you use to save for vacations and car purchase ???

22. Peak, so far!

23. It’s fine it’s just inflation, only worry when it’s big brother hyperinflation show up. 

24. It is peak because of the “base effect”. There is no guarantee that the government will not make another radical decision to send our economy downhill, but if they don’t it will be decreasing compared to previous years same period due to base effect.

    For those who don’t understand what base effect is, it just means inflation will still be here for a long time, only thing that is decreasing is the growth rate of inflation.

25. Years of Erdoganomics finally having its toll. He did fire like 3 subsequent finance ministers to keep interest rates low, then the earthquake happened.

    Had he quit 2 years ago, his reign would have a good legacy, in his time Turkey did grow in many ways. Now he’s going to be recorded as the man who got Turskish economy to soar only to dive it into the ground.

26. Keep voting for ErdoSchwanz

27. Peak fiction

28. Argentina: Those are rookie numbers, you gotta pump up those numbers!

29. 1st – it’s not the real inflation rate
    2nd – nothing can be at peak as long as erdo in position

30. They wish. We wish… I love my country but the politics stink… sigh.

31. I’m actually bidding on an island off the coast of turkey. Shits cheap as shit,

32. 75%?!?! Holy shit

33. Double that, and i might believe the number.

34. I remember 6-7 years ago every comment section ever was spammed with Turkish flags lmao. What ever happened to those days…

35. General elections were in May 2023 and prices soared in June. So for annual matches this is definitely the peak.

36. The inflation of last 4 years’ is easily 900%.

37. Been there last months. It’s getting worse and worse, sadly

38. Had to reread this like 3 times, forgot peak means a whole other thing

39. What’s nuts is that this is the second time in about 30 years Turkey has run into hyperinflation.

40. Honest question: Does Erdogan realise that high inflation is not good and is not someone to be proudly displayrf around like a Phallus?

41. The Argentina of Europe

42. This shit so peak.