Turkey | Still worrisome inflation outlook
Published on Monday, November 5, 2018 | Updated on Monday, November 5, 2018
Turkey | Still worrisome inflation outlook
Summary
CPI increased by 2.67% in October (slightly higher than market & BBVA Research expectations of 2.5%). Annual consumer inflation maintained its upward trend by reaching 25.2%, up from 24.5% in September. We expect the inflation to come down to 23.5% at the end of 2018 on recent tax cuts on automobile and durable goods and lagged effects of current price discount campaigns.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
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