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    Turkey: Inflation Surged on Food and Energy

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    Published on Tuesday, January 3, 2017

    Turkey: Inflation Surged on Food and Energy

    Consumer prices rose by 1.6% in December, significantly higher than the market consensus of 0.9%. Annual headline inflation surged to 8.5% from 7.0% in November. The surprise factor was the sizable jump in food inflation, while increases in alcohol&tobacco, energy and core prices were expected.

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