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CBRT Reports Slowing Inflation Trend in August
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The CBRT report highlighted the food-related effects on consumer prices and stated that the slowdown in the underlying trend of inflation continued.
Wall Street quickly tempered expectations for a Turkish rate cut amid higher-than-expected inflation data and political tensions. However, Central Bank Governor Fatih Karahan stressed that demand-side price pressures were easing and the inflation outlook was healthier than the market had seen.
CBRT Reports Slowing Inflation Trend in August
The Central Bank of the Republic of Türkiye (CBRT) stated in its August Price Developments Report that the underlying trend of inflation slowed during the month. The report highlighted food and tobacco as the main contributors to monthly price increases, while energy inflation displayed a weaker course. Service inflation also decelerated compared to the previous month, with rent standing out among sub-groups. Weather Conditions Drive Food Price …
From the Central Bank report: Annual inflation fell in August, food prices increased
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