Inflation exceeds 60% in March

TURKEY - Report 04 Apr 2022 by Murat Ucer

March CPI inflation came in at 5.5%, m/m, broadly line with the consensus, but slightly lower than our forecast. The 12-month CPI inflation thus rose sharply higher to 61.1%, from 54.4% in February, which is the highest level seen since March 2002 (based on the old series for the pre-2004 period). Attesting to continued cost-push pressures, including some recent weakening in the currency, the 12-month PPI inflation also rose sharply to 115% from 105% in the previous month (Graphs 1-2; Table 1).

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 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.