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5. As calculated by Prof. Hakan Kara, only 25% percent of our very high inflation rate is due to external factors like oil and food

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5. As calculated by Prof. Hakan Kara, only 25% percent of our very high inflation rate is due to external factors like oil and food prices and Ukraine-Russia war, Discuss the role of exchange pass-through effect, due to the depreciation of TL, in inflation and further discuss the effect of increasing mark up, referring to price setting, which has increased the profits and inflation everywhere. (15)

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