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00:00 It seems that the inflation rates and prices are still under great pressure on the economy in Turkey.
00:08 This time we are talking about the rise that continues for the third month in a row.
00:13 These levels have been the highest since December last year, 2022.
00:19 We are talking about these numbers, which are exceeded by inflation in Turkey,
00:24 61% in September 2023 compared to these levels when we compared it to the monthly levels.
00:33 A month before that, the levels were below 60%.
00:37 According to the chart, after we reached the beginning of the year, we saw some declines.
00:46 After the earthquake, we saw a decline in inflation, a decline in spending and consumption
00:55 in terms of the damage that followed the citizens at that time after the earthquake.
01:01 But we saw it again in the summer period, and the inflation rates rose again.
01:07 The first place is the increase in tax rates and on the other hand,
01:11 the strong decline that we saw on the local currency, the lira, which continued to be under great pressure for more than a year,
01:19 but it still continues for about a year and a half under strong pressure and inflation compared to the US dollar.
01:25 But the pressure was one of the most prominent numbers recorded by all the restaurants and hotels.
01:33 The largest percentage was for these facilities.
01:36 Education, health and transportation were all the biggest factors.
01:41 We saw on the other hand that the food prices slowed down to less than 70% of the highest level in eight months after exceeding 72%.
01:52 But we were also talking about the critical policy that the Turkish Central Bank was taking recently
02:00 after we saw the intervention of the Turkish President and the latest change he made to a new governor for the Central Bank.
02:09 The interest rate, which we were talking about, at 30% in the 100,
02:12 rose four times since June compared to the latest changes made by the Turkish Central Bank
02:20 in an attempt to fight inflation.
02:23 But we were talking about inflation rates higher than 60% in the 100 in the Turkish economy.