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Inflation spiral

What does 20% inflation feel like in Turkey?

by Victoria Craig
Dec 21, 2021
A package of eggs recently jumped 60% in a week at one grocery store. Many economists fault the Erdoğan government's policies.
Turkey's economic woes are driving many young people to look abroad for opportunity, which could lead to a damaging brain drain.
BBC/Stephen Ryan
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Prices are rising. So are wages. And that worries some economists.

by Mitchell Hartman
Oct 29, 2021
Some of them are reminded of the bad ol' 1970s.
Though some economists are worrying about the potential for an inflation spiral, the biggest pay hikes are currently going to younger workers and service workers in low-wage professions — such as supermarket cashiers.
Jean Philippe-Ksiazek/AFP via Getty Images
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