Inflation & Prices

Turkish Inflation Is Hot But Tracking Path Drawn by Central Bank

  • Year-end inflation likely quickened near 65% as new risks loom
  • Minimum wage hike is complication for effort to curb inflation
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Turkish inflation probably converged on a forecast laid out by the central bank, ending the year with an upswing that keeps it on track to accelerate past 70% by May as new risks emerge.