At a university in Istanbul, the trusty leader of a distinguished Turkish research facility who is researching analytical reasoning and deductions of Turkey’s inflation, which is claimed to be double the usual figure is now withheld to be questioned about the authenticity of his statements. Sources reveal there were official papers that warranted the Yeditepe University to summon Veysel Utusoy for an inquiry over the sensitivity of the matter.
Utusoy belongs to the Department of International Business and Trade and is very well known for his critical analysis and thoughtful observations of a multitude of economical topics. He is also widely sought out within the university by his colleagues and students alike for his skills and expertise in various fields pertaining to politically accurate data and research. To be the head of the research group as he is, it would seem likely that he is a man whose calculations on inflation must be taken into consideration.
He is currently a professor in the faculty’s commercial sciences field and is being inquired about the interview he’d given to a local news tabloid, regarding the affairs of the private and close-knitted initiative led by him and therefore acts as mealtime for curious reporters.
The university hadn’t delved deep into our questions about the case, so we are only privy to surface-level answers. Due to confidentiality and privacy concerns purposes, the spokesperson couldn’t make a public statement regarding the ongoing inquiry held by authoritative figures.
Nonetheless, the source unveiled that they’d sought out Ulusoy’s defense on the matter of his possible usage of the campus premises and its resources against academic purposes and with no prior permission from the university’s management, meaning he had been an advocate for secrecy and therefore should be subjected to disciplinary repercussions. Apart from a slap on the wrist, if proven to have been executed by him and his research group in silence, he would have to submit a handwritten apology as a state of serious reprimand and face a degree of suspension of salary for a longer time than he’d anticipate.
Ulusoy himself though doesn’t seem to take these possible rebuking activities as a source of discouragement. He understands his academic contract is hanging by a thin thread and might be cancelled due to the inquiry and its consequential aftermath.
On Saturday, he has spoken about how he’d foreseen such dire consequences since they started their research project years ago. Regardless of what the outcome is, he is determined to duke it out and see his goals through to the end.
The Turkish inflation research group is called ENAG—their model was developed early by a bunch of exemplary academics, economists, and researchers who are independent but share a common work ethic, led by Ulusoy himself who firmly believed in their model. The model exhibited annual inflation of 160.76% last month alone. The statistics institute TUIK had partaken in expanding details on the matter. Straight out of their data, the official yearly inflation rate surged to a 24-year hike of 73,5% last month, its birth stemmed from the Ukraine war, fluctuating energy prices, and the collapse of the Turkish basic monetary unit—lira. The current economic policies are certainly not of aid to the resolving process of the issue, as per the opposing persons of President Tayyip Erdogan’s ruling government.
TUIK seemed to have a large number of opposition party lawmakers and economists who have publicly fired at the reliability of the figures rounded up by the institution, however, TUIK is confident in their conclusive digits. Of course, what does the public say about all this? 50% of the country’s citizens are convinced inflation is most definitely beyond the figures of officially documented data.