Inflation in Turkey
Turkey - Inflation
Inflation slows in August
Consumer prices rose 0.86% in August compared to the previous month, down from July’s 1.36% increase. The slowdown was driven by a modest decrease in transportation costs after increasing substantially in July.
Inflation slowed to 15.0% in August from 16.6% in July. Core inflation, which excludes volatile price items such as energy and food, moderated to 13.6% in August from 16.2% in July. Annual average inflation, meanwhile, slowed to 19.6% from 19.9%.
FocusEconomics Consensus Forecast panelists expect consumer price inflation to end 2019 at 14.1% and 2020 at 10.9%.
Turkey - Inflation Data
|Inflation Rate (CPI, annual variation in %)||7.5||8.9||7.7||7.8||11.1|
5 years of economic forecasts for more than 30 economic indicators.
Turkey Inflation Chart
Source: Statistical Institute and FocusEconomics calculations.
|Bond Yield||14.86||-0.09 %||Sep 04|
|Exchange Rate||5.67||-0.85 %||Sep 04|
|Stock Market||100,077||1.41 %||Sep 04|
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September 3, 2019
Consumer prices rose 0.86% in August compared to the previous month, down from July’s 1.36% increase.
September 2, 2019
Operating conditions in the Turkish manufacturing sector deteriorated at a less severe pace in August than in July, with the Istanbul Chamber of Industry and IHS Markit’s manufacturing Purchasing Managers’ Index (PMI) rising to 48.0 from 46.7.
August 26, 2019
The business confidence index recovered in August, rising to 102.5 from 98.3 in July.
Turkey: Consumer confidence improves marginally in August, but remains mired in pessimistic territory
August 22, 2019
Sentiment among Turkish consumers improved slightly in August after dropping to a near-record low in July, with the consumer confidence index rising to 58.3 in August from 56.5.
August 16, 2019
Turkish industrial production fell 3.9% year-on-year in June, down from May’s 1.3% fall.