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CBRT March Inflation Assessment Highlights Commodity Price Risks to the Outlook

TURKEY

CBRT March Inflation Assessment

  • Price increases in commodity prices have become more apparent with geopolitical developments
  • Gradual payment system in electricity prices and VAT cut have limited the negative outlook on energy prices
  • Rise in food prices continue in general; fresh fruit and vegetable prices were comparatively flat in March; continuing effect of VAT cut on food prices was observed
  • Service prices rose along with energy and food prices
  • Seasonally adjusted monthly rise in rent prices slowed down in March
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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