October inflation: some good, some bad news

TURKEY - Report 04 Nov 2024 by Murat Ucer

Consumer prices rose by a higher than expected 2.9%, m/m, in October, markedly exceeding consensus forecasts of around 2.5%, with the 12-month rate nevertheless falling to 48.6% from 49.4%, on the back of continuing base effects. Monthly PPI inflation was a more modest 1.3%, with the 12-month rate dropping to 32.2% from 33.1% a month earlier (Graph 1; Table 1).

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