Producer Prices in Turkey
Turkey - Producer Prices
Inflation sets new record-high July
Consumer prices jumped 2.37% month on month in July, down from the 4.95% increase recorded in June. The uptick came on the back of a surge in transportation, food and non-alcoholic beverages, furnishing and household equipment, and alcoholic beverages and tobacco prices.
Inflation, meanwhile, surged to a fresh series-high of 79.6% in July (June: 78.62%). July's figure was the highest inflation rate since our current records began. Meanwhile, the trend pointed up, with annual average inflation coming in at 49.7% in July from 44.5% in June. Lastly, core inflation jumped to 61.7% in July from 57.3% in June.
FocusEconomics Consensus Forecast panelists expect inflation to average 70.8% in 2022 and 34.4% in 2023.
Turkey - Producer Prices Data
|Inflation (PPI, annual variation in %)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||12.00||-0.09 %||Dec 31|
|Exchange Rate||5.95||-0.85 %||Jan 01|
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August 12, 2022
Industrial output increased 8.5% compared to the same month a year earlier in June, which followed May's 9.0% increase.
August 3, 2022
Consumer prices jumped 2.37% month on month in July, down from the 4.95% increase recorded in June.
July 27, 2022
Industrial output increased 9.1% compared to the same month a year earlier in May, which followed April's 10.8% increase.
July 27, 2022
Consumer sentiment rose to 68.0 in July from 63.4 in June.
July 25, 2022
Business confidence came in at 103.7 in July, down from June's 106.4.