Inflation & Prices
Turkish Inflation Ends Long Slowdown as Surge Tops Forecasts
- Consumer prices soared annual 47.8%, with peak seen next year
- Highest-ever inflation rate for month of July, data shows
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Turkish inflation ended its eight-month deceleration in July, putting it on track for a surge that the central bank only expects to peak closer to the middle of next year.
Consumer prices jumped an annual 47.8%, from 38.2% in June, statistics office data showed Thursday. The median forecast in a Bloomberg survey of economists was 46.8%.