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MNI BRIEF: Household Inflation Expectations Above CBRT Data - TEBA Survey

Turkish household inflation expectations were unchanged from May, according to June’s TEBA annual and year-end inflation expectations survey, remaining significantly higher than data collected by the Central Bank of Turkey, which last week held rates at 50%.

Year-end inflation expectations were 93%, the study conducted by Koc University economists found, with inflation seen at 97% a year later. The CBRT reported last week that households see inflation at 71.5% in 12 months’ time, against a target of 38%.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com

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