Headline Lower, Trends Challenging

TURKEY - Report 05 Jun 2017 by Murat Ucer

Consumer prices rose by 0.45% in May, slightly higher than expected, but the 12-month rate declined as envisaged, to 11.7% from just under 12% in April. The drop in producer prices was more significant, which eased from 16.4% to 15.3%, y/y, suggesting that cost-push pressures have begun to ease, also as expected.

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