Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
TURKEY OCT CPI +3.54% M/M (FCST +3.6%); SEP +3.08% M/M
TURKEY OCT CPI +85.51% Y/Y (FCST +85.6%); SEP +83.45% Y/Y
TURKEY OCT CORE CPI 70.45% Y/Y (FCST +72.0%); SEP +68.09% Y/Y
- Turkish inflation increased by +3.54% m/m and +85.51% y/y in October; a fresh '97 high and largely in line with forecasts.
- Energy and food prices continue to surge, with transport prices up +117.15% y/y and food up +99.05% y/y.
- Price pressures are becoming evermore broad-based, with the majority of categories continuing to record above +60% y/y price growth as core CPI ticked up approx. 2.4pp to 70.45% y/y.
- The weakness of the lira is is driving input inflation higher. USDTRY remains around record highs, albeit seeing little movement on the largely expected CPI print.
- The CBRT's unorthodox approach to monetary policy continues to willingly look through soaring inflation. The bank delivered a sizeable 150bp cut in October and signalled further easing to follow in November.
Source: TURKSTAT
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok