{
  "ok": true,
  "rows": [
    {
      "country": "GB",
      "name": "United Kingdom",
      "flag": "🇬🇧",
      "inflation": {
        "value": 3.88,
        "year": 2025
      },
      "inflationMonthly": {
        "value": 3.03,
        "period": "2026-M07",
        "basis": "yoy-cpi-index"
      },
      "policyRate": {
        "value": 3.75,
        "period": "2026-07",
        "area": "GB"
      },
      "realPolicyRate": -0.13,
      "caveats": []
    },
    {
      "country": "DE",
      "name": "Germany",
      "flag": "🇩🇪",
      "inflation": {
        "value": 2.17,
        "year": 2025
      },
      "inflationMonthly": {
        "value": 2.78,
        "period": "2026-M07",
        "basis": "yoy-cpi-index"
      },
      "policyRate": {
        "value": 2.25,
        "period": "2026-08",
        "area": "XM",
        "viaEuroArea": true
      },
      "realPolicyRate": 0.08,
      "caveats": [
        "Euro-area countries (DE, FR, IT, ES, NL, IE, PT, GR) carry the ECB's single policy rate; their inflation and deposit rates are their own."
      ]
    },
    {
      "country": "TR",
      "name": "Türkiye",
      "flag": "🇹🇷",
      "inflation": {
        "value": 34.88,
        "year": 2025
      },
      "inflationMonthly": {
        "value": 32.11,
        "period": "2026-M06",
        "basis": "yoy-cpi-index"
      },
      "policyRate": {
        "value": 37,
        "period": "2026-07",
        "area": "TR"
      },
      "depositRate": {
        "value": 57.6,
        "year": 2025
      },
      "realDepositRate": 16.84,
      "realPolicyRate": 1.57,
      "caveats": []
    }
  ],
  "caveats": [
    "Inflation is the latest annual consumer-price change published by the World Bank. Any projection at that rate is flat — a statement about the last year, not a forecast.",
    "Real rates are ex post: the nominal rate less realised inflation (exact Fisher), computed only when the two figures describe the same year or adjacent years. The real policy rate pairs the newest BIS month with the World Bank's annual inflation figure.",
    "Euro-area countries (DE, FR, IT, ES, NL, IE, PT, GR) carry the ECB's single policy rate; their inflation and deposit rates are their own."
  ],
  "attribution": {
    "sources": [
      {
        "id": "wb-inflation",
        "label": "World Bank — inflation and interest rates",
        "attribution": "Consumer-price inflation (annual %, FP.CPI.TOTL.ZG) and deposit and lending interest rates (FR.INR.DPST, FR.INR.LEND) from World Development Indicators, newest year per country.",
        "updated": "2026-09-07",
        "url": "https://data.worldbank.org/"
      },
      {
        "id": "bis-policy-rates",
        "label": "BIS — central bank policy rates",
        "attribution": "Central-bank policy rate for the newest published month (BIS WS_CBPOL). Euro area (XM) applied to DE, FR, IT, ES, NL, IE, PT, GR.",
        "updated": "2026-09-07",
        "url": "https://data.bis.org/topics/CBPOL"
      },
      {
        "id": "imf-cpi",
        "label": "IMF — Consumer Price Index (monthly)",
        "attribution": "Year-on-year change in the IMF's monthly all-items CPI index for the newest month with a comparable month twelve back; shown beside the World Bank annual figure, never instead of it.",
        "updated": "2026-09-07",
        "url": "https://data.imf.org/"
      }
    ],
    "citation": "Geo-Parity — Inflation & Real Interest. Data: World Bank — inflation and interest rates, BIS — central bank policy rates and IMF — Consumer Price Index (monthly). https://geo-parity.com/money/?tab=inflation",
    "permalink": "https://geo-parity.com/money/?tab=inflation",
    "terms": "Free to use and quote with attribution. Figures are estimates for orientation, not advice."
  }
}