Don’t bet on inflation peaking in May

TURKEY - Report 05 Apr 2021 by Murat Ucer

Consumer prices rose by 1.1%, m/m, in March, broadly in line with the consensus, with the 12-month rate rising further to 16.2%, from 15.6% in February. Domestic-PPI inflation was 4.1% in the month, which led to a more dramatic increase in the 12-month rate, to a whopping 31.2%, up from 27.1% in the previous month (Graph 1; Table 1). Notably, the wedge between the two is at near all-time highs (comparable to post-Pastor crisis peaks), which attests to a continuation of the cost-push pressures, driven by several factors, like the recent lira weakness, the surge in intermediate input prices because of the disruption to supply chains, as well as higher commodity prices.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.