Prof. Dr. Hakan Kara announces price hike with specific date: 'A significant increase in electricity prices is imminent'

Former Central Bank Chief Economist Prof. Dr. Hakan Kara shared a chart on social media comparing CPI and electricity prices, prepared using TUIK data. Prof. Dr. Kara stated, "A significant increase in electricity prices is imminent."

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Prof. Dr. Hakan Kara announces price hike with specific date: 'A significant increase in electricity prices is imminent'

Former Central Bank Chief Economist Prof. Dr. Hakan Kara shared a chart on his X account illustrating the relationship between consumer price inflation (CPI) and electricity prices.

While noting that "a significant increase in electricity prices is coming," Prof. Dr. Kara pointed to July-August as the timeframe for the hike.

According to the chart shared by the former Central Bank Chief Economist Prof. Dr. Kara, while electricity prices remained flat during the first four months of 2023, the upward trend in CPI is notable.

A significant increase in electricity prices is imminent. It will likely be implemented in July-August. pic.twitter.com/mR1brUv6XS
— Hakan Kara (@ali_hakan_kara) May 3, 2024