Poor print, but the CBRT may ignore it

TURKEY - Report 03 Jun 2020 by Murat Ucer

Consumer prices rose by 1.36%, m/m, in May (May 2019: 0.95%), which was notably higher than consensus, yet somewhat closer to our forecast. The 12-month CPI rate thus rose visibly to 11.4% from 10.9% in April. Domestic-PPI inflation was better behaved, which came in at 1.5%, m/m, in May (May 2019: 2.7%), with the 12-month rate therefore declining further to 5.5% from 6.7% in the previous month (Graph 1; Table 1).

Now read on...

Register to sample a report

Register

Sign-in

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.