Turkish Inflation Better Than Expected But Outlook Risks Persist

Turkey’s consumer inflation fared better than forecast in September but the weak lira coupled with a summertime credit binge expected to distort the price growth outlook.

Slowing price gains in housing and apparel offset the impact of a depreciating currency to keep inflation little changed for a second month. Prices last month rose 11.8% from a year earlier, less than all forecasts in a Bloomberg survey whose median estimate was 12.1%.