"How much I paid to eat kebab every year", in Turkey with the 4th highest inflation in the world
I could be wrong but I don't think you've accounted for the change in rate over time. 1 euro was about 4 lira in 2017 so 2017 was more like 50c. Today 1 euro is about 35 lira so it's about 6 to 7 euros at 220 lira. Crazy when you think that's about the price of a kebab in in euro/UK but compare income here to Turkey.
Oh you're 100% right, i just typed the number I had to pay, without accounting for inflation and the true cost
Our city in south-west Germany went from 3,50€ up to 6€ (cheapest one). A lot of places take 7+
Yeah I really don’t want to eat out anymore, everything just nearly doubled in price the last 5 years in Munich.
I saw they other day that people asked the government to intervene? https://www.euronews.com/business/2024/05/11/difficult-to-digest-cost-of-doner-kebabs-in-germany-prompts-price-cap-calls
Yeah but that's - to be clear - bullshit distraction talk. That's not "people" as in many folks, that's politicians distracting from the difficult discussions (i.e. Inflation) and trying to rile up people. At least in my social bubble it didn't work - it was mocked a bit and then forgotten.
Switzerland:
How do people in Turkey survive? Did everyone buy something instead of save it on a bank account? Or did they transfer the money to another country or just buy foreign currency? How can the economy handle this? Sry I am spoiled..
I mean the Germans during the hyper inflation did as well. Turkey just does it with the more religious approach... Religiously voting for the guy responsible.
In the US at least, the vast majority of people live paycheck-to-paycheck, so as long as wages rise with prices inflation doesn't affect most people. Wages rise with prices, right? Right?
Even up until the end of 2021 you could get a decent one for 4€ in Berlin; Average is around 7€ now.
My regular place near work went from 4,00€ (2017) to 6,50€ (2024), size and quality unchanged as far as I can tell. Not too bad all things considered.
Without looking, my guesses are Venezuela and Argentina. I'll go look and see how close I was.
Edit: It proves difficult to find a consensus ranking, but the top countries seem to consistently involve Zimbabwe, Sudan, Argentina, Venezuela, Lebanon, and Turkey. The order changes depending on the metric of what defines inflation and over what time period you're looking at.
It feels like every 20 or 30 years, Turkey need to remove 000 or 0000 from their currency.
That seems to fix it every time