This week Turkey's inflation hit a 14-year-high by climbing above the 15% mark, three times the target inflation. It's likely the upward inflation pressure will inevitably affect the exchange rate of the Lira and the Turkey's Central Bank monetary policy in due course.
How do we calculate one figure for inflation?
We face prices every day when we go food shopping, pay our electricity bills, have our haircut or go to the pharmacy... These prices may increase or decrease at any time. How can all these price changes be summarized into one figure – the inflation rate?
It has become commonplace for users to have to provide personal information in order to gain access to a service. At the very least, to have an account on any website, the site wants a username and password to protect access to your account. At the other end of the spectrum, companies in the financial, medical, e-commerce, and public sector have vast repositories of data on users.