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September CPI Rises to 19.58% Y/Y, Core Inflation to 16.98%

TURKEY
  • TURKEY SEPTEMBER INFLATION 19.58%; EST. 19.65%
  • TURKEY SEPT. CONSUMER PRICES RISE 1.25% M/M; EST. +1.27%
  • TURKEY SEPT. PRODUCER PRICES RISE 1.55% M/M; EST. +2.05%
  • TURKEY SEPT. PRODUCER PRICES RISE 43.96% Y/Y; EST. +44.65%
  • TURKEY CORE CPI RISES 16.98% Y/Y VS 16.62% EXP
  • Although core inflation remains well below the current one-week repo at 18%, it still represents an image and credibility problem for the CBRT which looks to be easing broadly against market conditions
  • Mitigating factors are that headline and PPI came in marginally softer than expectations, but still remain elevated
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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