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I'd say the risk of hyperinflation in Turkey is rising.
Turkish inflation rate was usually about 8 or 9 percent, recently spiked to 20 or 25. Shades of Venezuela here, where inflation doubled in 2013 then hovered for about 2 years before it went stratospheric. 
Seems like "autocratic president feuds publicly with private grocery store owners and demands that they not raise prices" is a pretty big red flag in these cases.
Yep, I knew if I googled "Erdogan hoarders" I'd find something like this: nbcnews.com/news/world/tur…
Prices rise, president blames "hoarding", imposes price controls, shortages result, prices rise more, repeat. Eventually people start buying things under the table with dollars.
Prices rise, president blames "hoarding", imposes price controls, shortages result, prices rise more, repeat. Eventually people start buying things under the table with dollars.
So far the Turkish lira has held up against the dollar after its crash last summer, so that's good. And the central bank is vowing to fight inflation. So hopefully Erdogan's shenanigans won't get too out of control, and Turkey will be able to step back from the brink...
