Balkans: August 5, 2000

Archives

: The Turkish government announced that consumer prices jumped 56.2 percent in the last year (July 1999 to July 2000). The same report said the annual inflation rate is 58 percent. Turkey has been pursuing a series of IMF-directed reforms intended to cut its inflation rate - and ultimately make Turkey a candidate for full entry into the EEC. Turkey's inflation target is still a long way away: a 20 to 25 percent rate by the end of 2000, a ten percent rate by the end of 2001. If you think 58 percent looks bad, the annual inflation rate in 1999 was 68.8 percent and in 1998 was 69.7 percent.


X

ad

Help Keep StrategyPage Open

First came Facebook, then came Twitter, and finally, AI has arrived. They have all caused a decline in our business, but AI may be the deadliest innovation. We are currently in survival mode. Our writers and staff receive no payment in some months, and even when they do, it is below the minimum wage for their efforts. You can support us with your donations or subscriptions. Please help us keep our doors open.

Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on X.

Subscribe   Donate   Close