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Nov 18, 2021

What does 20% inflation in Turkey actually feel like?

From the BBC World Service: As Turkey’s central bank further slashes a key interest rate, we hear how President Recep Tayyip Erdogan believes unorthodoxly that high interest rates cause prices to rise. And, with inflation so high, what is life like for the average person in Turkey? Plus, the Chinese blockbuster that’s causing consternation in Hollywood.

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President Recep Tayyip Erdogan believes unorthodoxly that high interest rates cause prices to rise.
President Recep Tayyip Erdogan believes unorthodoxly that high interest rates cause prices to rise.
Chris McGrath/Getty Images

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What does 20% inflation in Turkey actually feel like?