Indicators
Turkey’s Inflation Rate Falls to 42%, Slowing Less Than Expected
- Monthly inflation rate up to 5% in January, highest in a year
- MUFG says, for now, central bank can continue on easing path
Shoppers in the Grand Bazaar in Istanbul.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
Turkey’s annual inflation eased less than expected by analysts in January, in what could present a challenge to the central bank just as it began interest-rate cuts.
Consumer prices rose 42.1% year-on-year, compared to 44.4% in December, state statistics office TurkStat said Monday. The median forecast in a Bloomberg survey of analysts was 41.1%, with the highest estimate being 41.6%.