To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Turkish May Inflation Rate Unexpectedly Slows
Turkey’s consumer price inflation eased to 16.59 percent year-on-year in May 2021, from a near two-year high of 17.14 percent in the previous month and below market expectations of 17.25 percent. Still, the rate remined well above the central bank’s medium-term 5 percent target, with upward pressure coming from food and non-alcoholic beverages (17.04 percent vs 16.98 percent in April), transport (28.39 percent vs 29.31 percent), housing and utilities (14.08 percent vs 13.60 percent), furnishings, household equipment and routine maintenance (21.79 percent vs 22.27 percent), hotels, cafes and restaurants (17.73 percent vs 16.81 percent), clothing and footwear (5.75 percent vs 11.03 percent), and miscellaneous goods and services (17.92 percent vs 18.27 percent). The core consumer price inflation rate, which excludes volatile items such as energy, food and non-alcoholic beverages, alcoholic beverages, tobacco and gold, slowed to 16.99 percent in May from 17.77 percent in April. source: Turkish Statistical Institute [/s2If]
Join Our Telegram Group