Turkey | Inflation outlook deteriorated further in May
Published on Monday, June 4, 2018 | Updated on Monday, June 4, 2018
Turkey | Inflation outlook deteriorated further in May
Summary
Consumer prices increased 1.62% (mom) in May, slightly higher than BBVA Research & Consensus estimate of 1.45%. Annual consumer inflation jumped to 12.15% from 10.85% on a broad-based worsening. We expect a limited hike (around 50bps) in the next CBRT meeting on June, 7 to strengthen its recent policy decisions and enhance credibility.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Serkan Kocabas
Seda Guler Mert
BBVA Research - Chief Economist
Adem Ileri
BBVA Research - Principal Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data