reply on: Turkey's inflation passes 75% in what economists believe is peak \ stacker news ~econ

54 sats \ 8 replies \ @MiddleWay 3 Jun \ on: Turkey's inflation passes 75% in what economists believe is peak econ

The last I checked, (1+0.0337)^12 = 1.4884. Neither Turkish Statistical Institute nor CNBC journalists know math?

I don't know math either, but that 3.37 % inflation is month to month. So, I believe they are saying it rose 75% from last year and 3.37 from last month.

67 sats \ 6 replies \ @MiddleWay 3 Jun

I do know math and finance. The two numbers don't agree. I wrote how you go from monthly to annual rate.

54 sats \ 0 replies \ @oliverweiss 3 Jun

This won’t age well :)

0 sats \ 4 replies \ @siggy47 OP 3 Jun

Each month to month increase has to be different, obviously. You are not simply multiplying or dividing by twelve. In other words, prices rose 3.37% from April to May. There is no correlation between the numbers.

54 sats \ 1 reply \ @MiddleWay 3 Jun

That must be what they meant. Generally, when governments publish inflation stats for a month they always annualize the number.

0 sats \ 0 replies \ @siggy47 OP 3 Jun

Yeah. The way the CNBC article was written was confusing.

54 sats \ 1 reply \ @oliverweiss 3 Jun

Here are the inflation rates that may help with calculations: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Statistics/Inflation+Data/Consumer+Prices

27 sats \ 0 replies \ @siggy47 OP 3 Jun

Thanks for this chart.