What is the Standard of Inflation?

When we talk about inflation, the statements made by TÜİK, the official state institution, and ENAG, which is called independent, and some other organisations about the level of inflation are announced at quite different levels, almost as if they are fighting with each other.

I wonder, is there no standard for this?

Why are there so many different figures scattered around?

Actually, there is, but it is a bit difficult. Even if you calculate inflation according to a standardised formula, it will not suit everyone.

As a result, the rate at which everyone is affected by inflation is different. Because we all spend differently, the lifestyle we prefer is different, the things we buy are also different, and therefore a standard formula that we can say that the inflation rate is this does not suit anyone.

Knowing this, the government creates an inflation basket as it suits itself, and then derives the value of inflation as it wishes.

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I think you have understood from what I have said that the inflation rates calculated by ENAG and other organisations are not correct in terms of ram.

They also set up a basket according to themselves and calculate inflation.

So, isn't there a standard for this?

To be honest, I think there should be.

Just as some people used to call it a fathom, some used to call it a stride, and some later decided on the metre, and a standard of distance measurement has been established in the world, the standard of inflation will also be established one day.

Although when I say metres, the Americans insist that we will continue to use inches, we will continue to use miles, and as far as I know the UK is the same, so even in the unit of length, I cannot say that an international standard has been established yet.

Therefore, I don't know when the standard of inflation calculation will be established.

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So what are we going to do if this is the case?

If you are very curious, you can calculate your own inflation. Write down what you buy during the month and at what price, and compare the next month. If you keep a proper account for a year, only you can calculate your own inflation in the most accurate way.

And then what?

Then what, you either learn that you need to stretch your feet according to your comforter, or if you are engaged in trade or something like that, you can also rejoice that it is good, my income has increased more.

If you are a person with a fixed income, you will probably say "Oh my God". Because as I said, our government has made its own calculations for wage increases and has adopted the principle of minimum wage increases every time.

Since no one can afford to take to the streets and protest, there is no other solution, you will tighten your belt a little more.

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I still think it would be good to standardise it. The account should be transparent.

Does it make a difference even if it is transparent? As long as the aim is to put the burden on your back, today they burden you with inflation, tomorrow they will find another method if there is no inflation.

As long as they want to deceive people. There are many methods!

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Do you think they'll ever recover?

Maybe, maybe not!

For the time being, they do not inspire confidence in the international markets, there are no doors left for them to find financing, but no one wants to take the risk.

Tourism revenues have not been at the desired level either, I don't know, if they cannot borrow money, the situation looks bad, no one knows how long they can artificially keep the foreign currency at a certain level with temporary loans from Arab countries. Sooner or later, the actual debts that are due will have to be repaid. For this, money has to be found, or earned. Or the last resort is to sell something.

We know what to sell!

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Oh my God, why am I worried about all this? The people gave them the authorisation, so what's the point, let them sink the country if it goes down, let them sink the country if they sink it. They have nothing left to sell anyway.

We are a rich country, our riches will never end!

That's why I decided not to worry anymore.

I'm not going to cry for myself!

Love and respect to everyone from Moscow