Those official government inflation reports are all bullshit and they know it.

It's another one for the 'we can't tell you the real truth' file - 'but here's the messaging'.

ISTANBUL, Dec 27 (Reuters) - The lira tumbled almost 8% against the dollar on Monday amid persisting investor concern over Turkey's monetary policy,

At current levels the currency is still 35% weaker than at the end of last year (while) inflation that has risen to more than 21%. Price rises are set to exceed 30% next year in part due to the lira depreciation, economists predict.

I wonder if Turkey is the canary in the coalmine here ...