All posts tagged: cpi

Turkish Statistical Institute Continues Despoiling the Citizen with its Inflation Numbers that Do Not Reflect the Truth

The Turkish Statistical Institute has shared its inflation numbers for April. According to the numbers of the institute, the consumer price index (CPI) increased by 69.97% year-on-year and 7.25% month-on-month. The Inflation Research Group (ENAG), which is composed of academics, announced that the inflation figure for April was more than double the figures of the […]

The Khilafah Will Eradicate Rampant Inflation, By Abolishing Paper Fiat Money and Issuing Currency Based on Gold and Silver

By November 2021, the Rupee fell to 175 Rupees to a dollar, unleashing crushing inflation upon the citizens of Pakistan. Inflation is a permanent feature of the capitalist economy, irrespective of the re-opening of the economy after lockdown. Unlike Islamic gold and silver currency, fiat paper money loses its purchasing power, as governments print more […]