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This won’t age well :)
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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.
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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
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Thanks for this chart.
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That must be what they meant. Generally, when governments publish inflation stats for a month they always annualize the number.
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Yeah. The way the CNBC article was written was confusing.
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I do know math and finance. The two numbers don't agree. I wrote how you go from monthly to annual rate.