We need a more representative survey to track inflation expectations among people with accuracy
The measurement of inflation is a serious business. Ask Sait Erdal Dincer. For much of his term, the head of the Turkish Statistical Institute was under fire from the opposition for under-reporting inflation. Two months ago, he was fired by Turkey’s President Recep Tayyip Erdogan because the inflation figures were too high. According to Turkish news reports, Erdogan felt that those price-rise figures presented an unflattering picture of the economy.