Inflation in Turkey Linked to Higher Relative Price Variability Levels
The article examines how inflation and changes in prices are related in Turkey from 1991 to 1996. By looking at price data from different cities, the researchers found that most of the variation in inflation rates comes from changes within each city. They discovered a strong connection between inflation and how prices change relative to each other, especially when prices vary a lot between different markets. This suggests that when prices go up, the differences in prices between different places also tend to increase.