Turkey Inflation: Worst is over but it’s early for complacency
Published on Monday, June 5, 2017 | Updated on Monday, June 5, 2017
Turkey Inflation: Worst is over but it’s early for complacency
Summary
Annual consumer inflation marginally fell for the first time after 6 months to 11.7% from 11.9% in April. Core inflation remained stable at 9.4% despite the ongoing exchange rate pass-through. We expect the headline to fall towards 11-11.5% band in June and remain at double digits before falling to 9% at the year-end.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Asuman Kemiksiz
Seda Guler Mert
BBVA Research - Chief Economist
Gizem Onen
Ugur Kucuk