If the public was asked which institution they trust the least, without a doubt the answer would be the Turkish Statistical Institute (TurkStat). If they were then asked which of TurkStat’s data they find least reliable, it would be inflation. The public’s perception is that TurkStat calculates the inflation rate and when it turns out...
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People hanker for the past financial conditions
THE CONSUMER CONFIDENCE index announced by the Turkish Statistical Institute (TurkStat) stayed unchanged in December at 80.1. This means: “If the index is 100, we would know whether the consumer has an optimistic or pessimistic expectation regarding the economy because 100 is the optimistic-pessimistic limit. However, the consumer confidence index is below 100, showing that...