Price indices

Inflation high in Turkey despite the fall in oil prices

Despite the fall in world commodity prices, primarily oil, in Turkey inflation rates cannot be pulled down to the desired level. Central Bank Governor Erdem Başçı announced the Inflation Report last week, saying that they had expected a fall in inflation in October, but the opposite happened.

Food for thought

At 0.1 percent monthly, Turkey’s August inflation, which was published on Sept. 3, disappointed again by coming in slightly higher than expectations of 0 percent. Annual inflation rose from 9.3 to 9.5 percent.

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