Inflation Watch:

UN calls special meeting to address food shortages amid predictions of riots; Poor harvests and demand from developing countries could push cost of weekly shop up by 10% ^[1]

Back in January, Turkey’s leaders were claiming that the then 6% annual inflation rate was “temporary ^[2]“. But now it is back up to nearly 12% ^[3]. Could a return to the Bad Old Days of 90% annual inflation (like Turks experienced in the mid-1990s) be on the horizon?

Modern-day wheelbarrow loads of cash: Could Tiny Somaliland Become the First Cashless Society? ^[4]