Posts Tagged Food Prices
Why Inflation May Not Fell to Single-Digit Figures This Year

Why Inflation May Not Fell to Single-Digit Figures This Year

The following is an update about April inflation print in Turkey (source: Hurriyet Daily News):

Turkey’s annual inflation rate increased in April, reaching its highest level in around nine years, as a result of a weak Turkish Lira in several sectors, according to official data released on May 3.

Consumer prices in Turkey rose 11.87 percent year-on-year in April from 11.29 percent in March, data from the Turkish Statistics Institute (TÜİK) showed. Annual consumer price inflation was also at the highest level...

August Inflation: Short Term Relief Provided

August Inflation: Short Term Relief Provided

Headline inflation surprised on the downside in August with m/m realization of -0.29% against the market expectations for a flat reading. Annual inflation lowered to 8.05% from 8.79% a month ago. Meanwhile core inflation has also declined in August to 8.4% from 8.8% in July.

The downward moves in food and clothing prices led a boosted inflation outlook. Though food prices that has remained volatile through this year make it extremely hard to estimate the...

April Inflation: Slows to 3-Year Low

April Inflation: Slows to 3-Year Low

April inflation was another negative surprise and the drop was sharper than expected for the second month in succession. The reading of 0.78% dragged the annual rate down to 6.6%, primarily due to decreasing food prices. With that being said, it is worth to note that the strong base effect was also helped the annual inflation fell this sharply.

Core inflation (the I index) continued to remain high, was stuck at 9.4% by declining only...

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