Turkish Inflation Rate to Drop Further in Months Ahead, Central Bank Says
Turkish consumer price inflation will slow further in the coming months, the central bank said.
Inflation in November, which slowed to 7.3 percent from 8.6 percent a month earlier, confirmed the Ankara-based lender’s forecasts of a slowdown, it said in an e-mailed statement today.
Lower food prices were the main factor in November’s performance, the bank said today. Core inflation measures may start to show “limited” increases in the months ahead, it said.
To contact the reporter on this story: Steve Bryant in Ankara at firstname.lastname@example.org
To contact the editor responsible for this story: Steve Bryant at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.