Turkey | Lower-than-expected July CPI on food
Published on Friday, August 3, 2018
Turkey | Lower-than-expected July CPI on food
Summary
Consumer prices increased 0.55% (mom) in July below our estimate and market consensus (0.9% vs. 1%), leading the annual figure to rise to 15.85% from 15.39% in June. The downside surprise came from the lower food inflation than our expectation, while the worsening in core inflation continued as annual core inflation reached 15.1%.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
- Food
- Exchange rate
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