Turkey | Inflation fell on base effects as expected
Published on Wednesday, February 7, 2018 | Updated on Thursday, February 8, 2018
Turkey | Inflation fell on base effects as expected
Summary
Consumer prices increased by 1.02% (mom) in January, higher than our forecast (0.75%) but lower than the market call (1.3%). Annual consumer inflation fell to 10.35% from 11.92% thanks to favorable base effects mostly on food. We expect the headline to ease slightly below 10% by end 1Q but then show some volatility before falling to around 9% at the end of the year.
Geographies
- Geography Tags
- Türkiye
Topics
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- Macroeconomic Analysis
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Authors
Seda Guler Mert
BBVA Research - Principal Economist
Adem Ileri
BBVA Research - Senior Economist
Documents and files
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