Turkish courts reject injunction against alternative inflation data
The Turkish courts have rejected a request by the country’s statistics institute to prevent the publication of inflation data by Istanbul-based research group ENAGgroup.
Judges rules against a precuationary injunction stopping ENAG, run by several academics, from releasing the figures, founder Prof. Veysel Ulusoy said on Twitter.
The Turkish Statistical Institute (TÜİK) had argued that the figures published by ENAG were designed to hurt its reputation and create a false impression of inflation in Turkey in the eyes of foreign investors. ENAG’s monthly calculation for consumer price inflation far exceeds official figures.
Consumer price inflation accelerated to 70 percent in April, TÜİK said at the start of this month. ENAG, which says it uses virtually the same methods and goods to calculate inflation, said CPI totalled 156.9 percent.