Turkey: Inflation breached 11% in March
Published on Monday, April 3, 2017 | Updated on Monday, April 3, 2017
Turkey: Inflation breached 11% in March
Summary
Annual consumer prices inflation continued its significant increasing trend and reached 11.3% in March as the monthly inflation (1.0%) exceeded the market consensus of 0.6% and our above market call of 0.85%. Exchange rate pass-through on core prices and the unfavorable base impact on food were the main drivers.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
Authors
Ugur Kucuk
Seda Guler Mert
BBVA Research - Chief Economist
Asuman Kemiksiz
Gizem Onen