Ipse by Tag - inflation

Atilla Yesilada

Inserted 2 years ago

“We live with inflation in Turkey. The biggest components of what we spend money on are food, rent, and transportation, and these are the kind of prices the average consumer faces on a daily or monthly basis. So if you are lying to them, it's very obvious. It undermines trust in Erdogan and the AKP. Turkish public's perceptions of inflation can also drive prices higher. If people think inflation is close to 100 percent, anyone who has any bargaining ability, say in paying salaries or wages, or the prices they charge, pretends inflation is 100 percent. So going forward, that is a disastrous situation.”

Aljazeera

Investment analyst with Global Source Partners

07 Jan 2022 5 2

Mustafa Alrawi

Inserted 2 years ago

“Besides surging Covid-19 cases, another concern to mitigate any optimism has been rising prices for everything including fuel and food. Inflation could dampen growth if it doesn't abate as soon as many predict it will. These are known risks at least. If the sunnier assessments prove accurate, we should shrug them off by the middle of next year. Given what we have been through over the past two years it would be understandable if the natural response of decision makers would be to remain cautious or even pessimistic. Instead, we could in fact experience outsized economic expansion in 2022 and beyond - far better than what we had before the pandemic and representing a return to levels of growth we saw before the financial crisis.”

Thenationalnews

Assistant editor in chief at The National

29 Dec 2021 5 2

Douglas McWilliams

Inserted 2 years ago

“The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8% in the U.S. We hope that a relatively modest adjustment to the tiller will bring the non-transitory elements under control. If not, then the world will need to brace itself for a recession in 2023 or 2024.”

Reuters

Deputy chairman of the British consultancy Cebr

25 Dec 2021 4 3

Mohamed El-Jadi

Inserted 2 years ago

“Our standard of living has dropped, our salaries haven't changed despite inflation and we're living in an unstable environment. The main players in the conflict, who mostly then decided to stand in the elections, knew they had little chance of winning. That's why they disrupted it.”

Aljazeera

Engineer in Benghazi Libya

24 Dec 2021 4 6

Recep Tayyip Erdogan

Inserted 2 years ago

“We are presenting a new financial alternative to citizens who want to alleviate their concerns stemming from the rise in exchange rates when they evaluate their savings. With the interest rate cuts, we will all see how inflation will start falling within months. This country will no longer be a heaven for those adding to their money with high interest rates, it will not be an import haven.”

Reuters

Turkish President

20 Dec 2021 6 2

Henrik Gullberg

Inserted 2 years ago

“The initial trigger for Monday morning's slump was S&P's outlook downgrade, but the risk of further cuts later this week all combined to prompt the latest decline. Ultimately, the CBRT [Central Bank of the Republic of Turkey] needs to show the market some sign of caring about taming inflation. What we have seen so far is not enough to stop the rout.”

Aljazeera

Macro strategist at Coex Partners in London

13 Dec 2021 4 3

Berk Esen

Inserted 2 years ago

“Bread is an essential item in Turkish cuisine, and it's frequently consumed especially if you are a poor family. For a family of five or six people for instance, where parents and children and elderly live together, maybe at least two pieces of bread are eaten every day. So even if the Halk Ekmek bread is just a few liras cheaper, over a month that adds up to a substantial amount for a low-income family, and the price gap between that bread and what is in the markets is only going to widen as inflation goes up.”

Aljazeera

IPC-Stiftung Mercator fellow at the Center for Applied Turkey Studies and an assistant professor at Sabancı University

13 Dec 2021 4 4

Kadri Tastan

Inserted 2 years ago

“Orthodox theory recommends a tight monetary policy that will mitigate inflation by moderating domestic demand. In Turkey, by contrast, under the guidance of the presidency, the CBTR [Central Bank of Turkey] is pursuing a loose monetary and credit policy to boost economic growth, which Erdoğan needs desperately. He is concerned that higher interest rates will slow down the economy and fuel voter discontent in the run-up to the elections in 2023. He has therefore pushed the CBTR to cut rates in the hope that cheaper credit will stimulate the economy and improve his popular support.”

Gmfus

Resident senior fellow in German Marshall Fund's Brussels office

09 Dec 2021 8 4

Laurence Boone

Inserted 2 years ago

“One [scenario] is where it creates more supply disruptions and prolongs higher inflation for longer. And one where it is more severe and we have to use more mobility restrictions, in which case demand could decline and inflation could actually recede much faster than what we have here. If the Omicron turned out to be more evil than other variants governments could be called upon to step in to cushion the blow for businesses and households. That could be a scenario where we need more fiscal support at this stage.”

Theguardian

OECD Chief Economist

01 Dec 2021 8 3

Mohammad al-Ahmad

Inserted 2 years ago

“At this rate, it will cost three lira ($0.24) to produce a bundle of bread, but we have no choice but to keep selling it at 2.5. We'll have to work at a loss but how else will people afford it?”

Aljazeera

Owner of a bakery in Idlib, Syria

27 Nov 2021 4 3

Mitch McConnell

Inserted 2 years ago

“The three biggest drivers of the staggering 6.2 percent inflation rate we logged last month were housing, transportation and food. Those aren't luxuries, they're essentials, and they take up a much bigger share of families' budgets from the middle class on down.”

Aljazeera

US Senate Republican Leader

23 Nov 2021 6 3

Lawrence Summers

Inserted 2 years ago

“We will sacrifice our country's future ...and we won't make any meaningful contribution to reducing inflation, if we vote down this bill [Build Back Better bill].”

Reuters

14 Nov 2021 3 4

Janet Yellen

Inserted 2 years ago

“The pandemic has been calling the shots for the economy and for inflation. And if we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do.”

Reuters

United States Secretary of the Treasury

14 Nov 2021 3 3

Sheriffdeen Tella

Inserted 2 years ago

“Noneconomic factors like insecurity have affected the economy and contributed to the inflation, because for example, farmers cannot go to farms because they are scared. The economic factors include the exchange rate. First, the Central Bank devalued the currency, which caused a high inflation rate. And most products are exchange rate-dependent because they are import-dependent.”

Aljazeera

Professor of economics at Olabisi Onabanjo University

08 Nov 2021 7 3

Imran Khan

Inserted 2 years ago

“What can we do about this? The inflation that is coming from outside. Let Allah make it so that we have all these things in our country, then we can reduce prices, but [not for things being imported].”

Aljazeera

Prime Minister of Pakistan

04 Nov 2021 3 2

Doug Porter

Inserted 2 years ago

“The big picture is that inflation continues to march higher, with pressures broadening out. Suffice it to say, that strains the definition of transitory.”

Cbc

Chief economist at BMO Capital Markets

20 Oct 2021 2 3

Sri Thanabalasingam

Inserted 2 years ago

“Back at the onset of this, we were thinking that it could last maybe a few months or so, but now it's looking like it could linger on for some time. Maybe until the second half of 2022. But it's very, very uncertain right now.”

Cbc

Economist with TD Bank

20 Oct 2021 2 3

Kevin Xie

Inserted 2 years ago

“Higher electricity price in China will add to the worry of rising global inflation. A 5-10% hike to electricity prices in China will increase consumer inflation by 0.2 to 0.5 percentage points.”

Reuters

Senior Asia economist at Commonwealth Bank of Australia

12 Oct 2021 5 4

Erin O'Toole

Inserted 2 years ago

“It's troubling that Justin Trudeau seems to not care about the sky-rocketing cost of living that is being imposed on Canadians through inflation.”

Globaltimes

Leader of the Conservative Party of Canada

15 Sep 2021 3 5

Naue de Azevedo

Inserted 2 years ago

“In the end, what counts is reality. And the reality today is one of inflation, overpriced food and fuel, energy crisis and an increase in the population in poverty and social vulnerability.”

Aljazeera

Political scientist based in Brasilia

07 Sep 2021 5 1

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#inflation

“Our standard of living has dropped, our salaries haven't changed despite inflation and we're living in an unstable environment. The main players in the conflict, who mostly then decided to stand in the elections, knew they had little chance of winning. That's why they disrupted it.”

“At this rate, it will cost three lira ($0.24) to produce a bundle of bread, but we have no choice but to keep selling it at 2.5. We'll have to work at a loss but how else will people afford it?”

“The three biggest drivers of the staggering 6.2 percent inflation rate we logged last month were housing, transportation and food. Those aren't luxuries, they're essentials, and they take up a much bigger share of families' budgets from the middle class on down.”

“We will sacrifice our country's future ...and we won't make any meaningful contribution to reducing inflation, if we vote down this bill [Build Back Better bill].”

“The pandemic has been calling the shots for the economy and for inflation. And if we want to get inflation down, I think continuing to make progress against the pandemic is the most important thing we can do.”

“What can we do about this? The inflation that is coming from outside. Let Allah make it so that we have all these things in our country, then we can reduce prices, but [not for things being imported].”

“The big picture is that inflation continues to march higher, with pressures broadening out. Suffice it to say, that strains the definition of transitory.”

“Back at the onset of this, we were thinking that it could last maybe a few months or so, but now it's looking like it could linger on for some time. Maybe until the second half of 2022. But it's very, very uncertain right now.”

“Higher electricity price in China will add to the worry of rising global inflation. A 5-10% hike to electricity prices in China will increase consumer inflation by 0.2 to 0.5 percentage points.”

“It's troubling that Justin Trudeau seems to not care about the sky-rocketing cost of living that is being imposed on Canadians through inflation.”

“In the end, what counts is reality. And the reality today is one of inflation, overpriced food and fuel, energy crisis and an increase in the population in poverty and social vulnerability.”

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