October Inflation: Another Bad Print

TURKEY - Report 03 Nov 2017 by Murat Ucer

At 2.1%, m/m, consumer price inflation surprised on the upside, with the 12-month rate rising to just under 12% (11.9%), up from 11.2% in September. Producer prices also rose sharply, to 17.3%, from 16.3% a month earlier, attesting to continuation of cost-push pressures and quite possibly, a change in ex-factory pricing behavior (Graph 1; Table 1).

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