INVESTIGATION OF THE RELATIONSHIP BETWEEN INFLATION, VEHICLE AND HOUSING SALES IN TURKEY

In 2008, the economic problems and regional conflicts that emerged after the global economic crisis that affected the world made us feel that difficult times were approaching for our country's economy. In 2016, the attempted coup d'état and some domestic events, high foreign debts, etc. caused a sharp rise in foreign exchange rates, which led to a very rapid increase in inflation. Towards the end of 2019, the Covid-19 pandemic caused global and national supply problems, and the global inflation problem started to be felt due to the deteriorating monetary stability. In this process, it was observed that people living in Turkey invested in different instruments rather than holding cash in the face of high inflation. In this study, the interaction between inflation and housing and automobile sales, which have seen exorbitant price increases in the last 5 years, is analysed by econometric methods. The results show that there is no statistically significant causality relationship from housing sales to inflation. A unidirectional causality relationship is found from inflation rate to vehicle sales rates. In addition, a unidirectional causality relationship was found from the minimum wage, which was added to the study as a control variable, to housing sales and inflation