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​ING Expect Headline Inflation to Increase to 61.5%

TURKEY

Given the deterioration in pricing behaviour, currency weakness, widespread increase in wages and tax adjustments and markedly negative ex-post and ex-ante real policy rate, inflation will likely remain under pressure in the near term, ING say. Accordingly, they expect annual inflation to increase further to 61.5% in September (with a 4.7% month-on-month reading) from 58.9% a month ago.

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