And the pass-through starts..

TURKEY - Report 05 Aug 2013 by Murat Ucer
Consumer prices rose by 0.3% in July, taking the 12-month rate to just below 9% (8.9%), from 8.3% in June. The increase is in line with expectations, and near the 9% level Governor Basci had hinted during the presentation of the Inflation Report last week. Producer prices also continued to rise to 6.6%, reflecting cost-push factors, from 5.2% a month earlier, y/y.Most importantly, the so-called core inflation (I-index) rose to 6.1% in July from 5.6% in June, on the back of a weaker lira (Table 1; Graph 1). As for the details, Graphs 2-4 speak for themselves. Recent currency weakness is begi...

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.