Turkey: Inflation Surged on Food & Energy
Published on Friday, February 3, 2017 | Updated on Tuesday, February 7, 2017
Turkey: Inflation Surged on Food & Energy
Summary
Annual headline inflation surprised on the upside to 9.2% from 8.5% in December. The main drivers behind the surge were food inflation (harsh weather conditions) and higher energy prices, while FX pass-through has showed only minor signs of impact on the core so far.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Ugur Kucuk
Seda Guler Mert
BBVA Research - Chief Economist
Asuman Kemiksiz
Gizem Onen