Turkey | Inflation stays at 20.35% as expected
Published on Monday, February 4, 2019 | Updated on Monday, February 4, 2019
Turkey | Inflation stays at 20.35% as expected
Summary
CPI rose by 1.06% in January parallel to expectations (1%, Market&BBVA Research). Thus, annual inflation stayed at 20.35%. Higher-than-expected minimum wage rise, potential price hike in cigarettes and seasonally higher food prices still play an important role, keeping the likelihood to have the headline above 20% till 2H19. We maintain year-end inflation estimate at 16%.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
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