CP-I've Heard This One Before

Economy Issue #51

Welcome back! Summer is quickly approaching and as people in Istanbul prepare to escape the city’s notorious traffic – which is costing the economy a staggering $7 billion a year – they are in for sticker-shock, as coastal seasonal rentals rival the price of buying an apartment in the city.

For those whose pocketbooks can’t handle that type of extravagance, there’s the questionable alternative of diving into Lake Van, where historical graves have become the latest target of treasure hunters. Or maybe just go camping.

In this week’s edition:

1. Turkish monthly inflation rises

2. Threat of interest rate decision delay

3. FDI: Cash flow monitor

4. This week’s stat round-up

A line flows out the door of an exchange office in Ankara. © Emily Rice Johnson

CP-I’m not sure I’m buyin’ it: Turkish monthly inflation rises