Inflation Eases, But Best Is Likely Over

TURKEY - Report 03 Aug 2015 by Murat Ucer
Consumer price inflation moved little in July (0.1%), m/m, broadly in line with the consensus. This led to another easing in the 12-month rate to 6.8%, from 7.2% in June. Food price inflation stayed broadly unchanged at some 9.3%, y/y, while underlying inflation dynamics finally showed some moderation as well. Core inflation (I-index) eased to 7.3%, y/y, from 7.5% in June, while service inflation (our estimate) fell to around 8.6%, from 8.9% a month earlier (driven largely by transportation). The decline in D-PPI inflation to 5.6% from 6.7%, y/y, is also encouraging, pointing to a moderatio...

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.