Not bad, but too soon to celebrate

TURKEY - Report 05 Oct 2020 by Murat Ucer

Consumer prices rose by a lower than expected 1%, m/m, in September, with the 12-month rate remaining almost flat over August, at 11.7% (August: 11.8%). The error in our forecast, which was even slightly higher than the consensus (of 1.3%), largely stemmed from food and transportation categories, which came in notably better.

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