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serhan

June 30, 2026

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The reason behind expensiveness

Everything is expensive. The reason behind this expensiveness dates back 2019. Because Turkey's president insisted that interest drives inflation. "Interest is cause , inflation is effect", but it is actually other way around. The central bank of Turkey is not independent and they had to fulfil what the president wanted, which was low interest rate. The central bank of Turkey cut the interest rate to 8% and then the inflation began to climb month by month. Turkey went through even 85% inflation in October 2022. The minister of Finance at that time claimed that the inflation was going to be one digit, but it happened otherwise. After the election in 2023, the president change the minister of finance who applied more orthodox economy policy, and new central bank governor. The president understood that his policy related to inflation-interest corelation was wrong. After the new assigments, they started to hike interest rate over time, but actual year-end inflation was above the estimated inflation. The Inflation is cooling down month by month though. It will take at least 2 years to get back to what it was in 2018. As a conclusion, this is the story of why everything is so expensive in Türkiye.

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The reason behind expensiveness


The reason behind expensiveness The reason behind expensiveness

Everything is expensive.


The reason behind this expensiveness dates back 2019.


The reason behind this expensiveness dates back to 2019. The reason behind this dates back to 2019.

Because Turkey's president insisted that interest drives inflation.


Because Turkey's president insisted that interest drives inflation. Turkey's president insisted that interest drives inflation.

"Because" makes the sentence seem like an a dependent clause. If you want to directly connect this sentence to the previous one, you can use a colon (:) after 2019. (The reason behind this expensiveness dates back to 2019: Turkey's president insisted that interest drives inflation.)

Because Turkey's president insisted that interest drives inflation. Turkey's president insisted that interest drives inflation.

"Interest is cause , inflation is effect", but it is actually other way around.


The central bank of Turkey is not independent and they had to fulfil what the president wanted, which was low interest rate.


The central bank of Turkey is not independent and they had to fulfill what the president wanted, which was a low interest rate. The central bank of Turkey is not independent and had to fulfill what the president wanted, which was a low interest rate.

The central bank of Turkey cut the interest rate to 8% and then the inflation began to climb month by month.


The central bank of Turkey cut the interest rate to 8% and then the inflation began to climb month by month. The central bank of Turkey cut the interest rate to 8% and the inflation began to climb month by month.

Turkey went through even 85% inflation in October 2022.


Turkey even went through even 85% inflation in October 2022. Turkey even went through 85% inflation in October 2022.

The minister of Finance at that time claimed that the inflation was going to be one digit, but it happened otherwise.


The mMinister of Finance at that time claimed that the inflation was going toould be one digit, but it happenedturned out otherwise. The Minister of Finance at that time claimed that inflation would be one digit, but it turned out otherwise.

After the election in 2023, the president change the minister of finance who applied more orthodox economy policy, and new central bank governor.


After the election in 2023, the president changed the mMinister of fFinance who applied more orthodox economy policy, and a new central bank governor. After the election in 2023, the president changed the Minister of Finance who applied more orthodox economy policy, and a new central bank governor.

Verb changed to past tense for consistency.

After the election in 2023, the president changed the mMinister of fFinance, who applied a more orthodox economyic policy, and a new central bank governor. After the election in 2023, the president changed the Minister of Finance, who applied a more orthodox economic policy, and a new central bank governor.

The president understood that his policy related to inflation-interest corelation was wrong.


The president understood that his policy related to inflation-interest correlation was wrong. The president understood that his policy related to inflation-interest correlation was wrong.

After the new assigments, they started to hike interest rate over time, but actual year-end inflation was above the estimated inflation.


After the new assignments, they started to hike interest rates over time, but actual year-end inflation was above the estimated inflation. After the new assignments, they started to hike interest rates over time, but actual year-end inflation was above the estimated inflation.

The Inflation is cooling down month by month though.


The Inflation is coolgoing down month by month though. The Inflation is going down month by month though.

"Cooling down" is more appropriate in a more physical context than this one. The sentence can be understood even if you stick with "cooling down."

It will take at least 2 years to get back to what it was in 2018.


As a conclusion, this is the story of why everything is so expensive in Türkiye.


As aTo conclusionde, this is the story of why everything is so expensive in Tüurkiyey. To conclude, this is the story of why everything is so expensive in Turkey.

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