Turkey Is Closing In on 200% Inflation, As Erdogan Gives His People Always More Reasons to Opt for Bitcoin.

The authorities speak of year-on-year inflation at 85.5%, but independent economists speak of inflation of around 185.5%.

It is an understatement to say that Turks are seeing their purchasing power plummet. Worse still, nothing seems to stop the violent inflationary crisis that has shaken Turkey for almost a year and a half.

According to the official figures of the Turkish Statistical Institute (Tüik) published on Thursday, November 3, 2022, inflation reached 85.5% over a s…