Inflation: Another surprise from core inflation
Published on Tuesday, October 3, 2017 | Updated on Tuesday, October 3, 2017
Inflation: Another surprise from core inflation
Summary
CPI increased by 0.65% (mom) in September. Annual consumer inflation, hence, rose to 11.2% from August’s 10.7%. Core inflation was the negative surprise, reaching 11%. Negative food inflation in contrast to its seasonal average avoided the headline to climb up further. We expect the headline to increase further before it reaches 10% at the end of 2017 with base effects.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
Authors
Asuman Kemiksiz
Gizem Onen
Seda Guler Mert
BBVA Research - Chief Economist