Inflation in Turkey sharply accelerated to 15.4% in June

Inflation in Turkey sharply accelerated in June to 15.39% in annual terms from 12.15% in May against the backdrop of rising costs of food and transportation services, official data show. Compared to the previous month, prices increased by 2.61%. Food products rose in annual terms by 18.9%, transportation services - by 24.3%, utilities - by 12%. In April, the Central Bank of Turkey raised its inflation forecast for 2018 to 8.4% from 7.9%. For 2019, the inflation forecast is maintained at 6.5%. In June, the country also recorded a rise in producer prices - by 23.71% in annual terms and by 3.03% compared to May.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong