Turkey | A big upside surprise on inflation
Published on Thursday, October 4, 2018 | Updated on Thursday, October 4, 2018
Turkey | A big upside surprise on inflation
Summary
CPI increased 6.3% (mom) in September, significantly higher than our and market expectations (3.9% vs. 3.4%). This leads the annual figure to jump to 24.5% from 17.9% in August. Today’s inflation data shows that pricing behavior is adjusting faster than expected and this could be considered as a “factor affecting inflation requiring further monetary policy tightening”.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- CPI
- Inflation
- Consumption
Authors
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Seda Guler Mert
BBVA Research - Chief Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data