Broadly as expected, still sticky

TURKEY - Report 03 Jun 2024 by Murat Ucer

Consumer prices increased by a slightly higher than expected 3.4%, m/m, in May, with the 12-month rate peaking at 75.5% up from 69.8% in April. Domestic-PPI posted a 2% increase, which raised the 12-month rate to 57.7% from 55.7% a month earlier (Graph 1; Table 1).

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