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TURKEY: Inflation Tops Forecast for Third Month, However Disinflation Persists

TURKEY
EM BulletBulletGlobalEmerging Market NewsRegion

Turkey CPI (Sep) M/M 2.97% vs. Exp. 2.20% (Prev. 2.47%)

  • CPI (Sep) Y/Y 49.38% vs. Exp. 48.30% (Prev. 51.97%)
  • Core Index CPI (Sep) Y/Y 49.10% vs. Exp. 47.95% (Prev. 51.56%)
  • PPI (Sep) M/M 1.37% (Prev. 1.68%)
  • PPI (Sep) Y/Y 33.09% (Prev. 35.75%)

Higher-than-expected Turkish inflation for a third consecutive month on the core CPI Y/Y - Simsek's comments just ahead of the inflation print: "disinflation process to continue in coming months" still prescient, however, with today's print the lowest since July of last year.

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Turkey CPI (Sep) M/M 2.97% vs. Exp. 2.20% (Prev. 2.47%)

  • CPI (Sep) Y/Y 49.38% vs. Exp. 48.30% (Prev. 51.97%)
  • Core Index CPI (Sep) Y/Y 49.10% vs. Exp. 47.95% (Prev. 51.56%)
  • PPI (Sep) M/M 1.37% (Prev. 1.68%)
  • PPI (Sep) Y/Y 33.09% (Prev. 35.75%)

Higher-than-expected Turkish inflation for a third consecutive month on the core CPI Y/Y - Simsek's comments just ahead of the inflation print: "disinflation process to continue in coming months" still prescient, however, with today's print the lowest since July of last year.