Veysel Ulusoy News Today

Veysel Ulusoy is no stranger to criticism.As the director of the Inflation Research Group (ENAG) in Turkey, Ulusoy faces persistent challenges ranging from court meetings to investigations into ENAG, but he said none of these get in the way of his mission: to present accurate inflation data to the Turkish people. 

President Erdoğan’s defiance of conventional economics is fanning the flames of inflation

In May the official Turkish statistics institute established the inflation rate at 73.5 percent, the highest in the country since 1998 – a figure ENAG, an independent group of researchers, immediately…

ENAGrup is sued over calculations that put yearly price rises at 83% and told to halt work refuting state agency’s rate.

Government figures say annual inflation topped 36% last month, but some think that number is far short of the mark.

Even as Ankara rolls out a new scheme to contain the country’s currency crisis, the severe losses of millions of low-and middle-income Turks appears irreversible.