Striking data from economist İnan Mutlu: Food inflation in Turkey has overshadowed even countries at war!
An analysis by economist İnan Mutlu, based on IMF data, has revealed the massive increase in food prices in Turkey. While food prices have risen due to the impact of the war in Russia, they have left Turkey behind, and the government's excuses have been debunked by statistical data.
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The deepening economic crisis in Turkey and the fire in the kitchen have revealed a striking reality through official data. A study conducted by economist İnan Mutlu, based on IMF data, has proven that the increase in food prices in Turkey has surpassed even countries that are effectively at war.
The analysis debunked the "global crisis" and "regional war" excuses put forward by the government to cover up its economic failure with numerical data.
WE HAVE EVEN SURPASSED RUSSIA IN THE MIDDLE OF A WAR
According to İnan Mutlu's findings, in Russia, which has been effectively at war with Ukraine since 2022 and has been subjected to heavy international sanctions, food prices have increased by only 39% since September 2021.
In contrast, the rate of increase in Turkey, which does not have an active war on its borders, during the same period is staggering: 689%.
This data proves that food inflation in Turkey has created a much heavier picture than the devastating effects of war.
EXCUSES DO NOT COVER THE TRUTH: SOME POLICIES ARE MORE HARMFUL THAN WAR
Statements coming from the government wing such as "food prices are rising all over the world" and the recently voiced "Iran-Israel tension is hitting the economy" contradict the shared data.
Mutlu made this critical emphasis in his analysis: "Some policies cause more damage than war. This massive difference in Turkey cannot be explained by external factors, but by the nature of the economic policies implemented.
Source: IMF Data / Economist İnan Mutlu
CHAIN OF EXCUSES AND THE BITTER PILL
The most fundamental criticism at the center of the post was that the collapse of agricultural policies in Turkey and the uncontrolled rise in the exchange rate were served to the public as a bill through "foreign powers" or "war excuses." The IMF-sourced data once again revealed that this massive difference in food inflation stems from structural deterioration and that the arguments used by the government to mask its failure have no statistical basis. While the citizen's pot is not boiling, Turkey's 17-fold increase in food prices compared to countries at war has also hollowed out the "success" rhetoric in the economy.