Turkey | High core prices pose additional risks
Published on Tuesday, May 8, 2018
Turkey | High core prices pose additional risks
Summary
Consumer prices increased 1.87% (mom) in April, even higher than our above consensus estimate (1.7% vs. 1.5%).Annual consumer inflation jumped to 10.85% from 10.23% with a more rapid pick-up in core prices than our expectation. We maintain our year-end inflation estimate at 10.5%, though exchange rate volatility and loose policies could pose upside risks.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Serkan Kocabas
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Seda Guler Mert
BBVA Research - Chief Economist
Adem Ileri
BBVA Research - Principal Economist