Inflation jumps further and has yet to peak

TURKEY - Report 03 Feb 2022 by Murat Ucer

Consumer prices rose by 11.1%, m/m, in January, somewhat higher than the consensus forecast, with the 12-month rate rising further to 48.7% from 36.1%. Domestic-PPI rose by 10.4%, m/m, surging to a 12-month rate of 93.5% from 79.9% in December (Graph 1; Table 1).

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