Turkey | Inflation surprised on the downside
Published on Monday, December 3, 2018 | Updated on Monday, December 3, 2018
Turkey | Inflation surprised on the downside
Summary
CPI fell by 1.44% in November, lower than (consensus -0.3% vs. BBVA-Research estimates 0.1%). Annual CPI declined to 21.6% from 25.2% in October. Reversal of discount campaigns, tax incentives and unfavorable base effects could bring a transitory increase in CPI in 1Q19; but given the recent supportive external financial conditions, risks are cumulating on the downside.
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