Turkey Inflation July 2020

Turkey

Turkey: Inflation recedes in July

August 4, 2020

Consumer prices increased 0.58% over the previous month in July, slowing down from the 1.13% rise recorded in June. July's result marked the softest rise in prices since March and reflected cheaper clothing and footwear, and food and non-alcoholic beverages offsetting a notable price increase for transportation.

Inflation came in at 11.8% in July, down from June’s 12.6%. Annual average inflation fell to 11.5% in July (June: 11.9%). Core inflation fell to 10.2% from the previous month's 11.6%.

FocusEconomics Consensus Forecast panelists expect consumer price inflation to end 2020 at 10.3% and 2021 at 10.0%.


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Turkey Inflation July 20 20

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Turkish Statistical Institute (TurkStat).


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