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Turkey Releases Official June Inflation at 35% Y/y
10 Articles
10 Articles
Yesterday, the agenda of Turkish financial markets was the June inflation data announced by the Turkish Statistical Institute. Accordingly, annual inflation was 35.05%, below market expectations, while the monthly increase was 1.4%. While core inflation indicators recorded a consecutive increase below 2% for the first time since September 2021, headline inflation also fell to its lowest level in the last 3.5 years.
MADRID, 3 (EUROPA PRESS) Turkey's annual inflation rate closed last June at 35.05% compared to 35.41% in May, so it chains thirteen months to the down and is below the threshold of 40% for the fifth time in a row, according to the Institute's information this Thursday [...] The entry Turkey's CPI moderates in June to 35.05% and chains thirteen months to the down and five to the down 40% appears first in Forbes Spain.
Inflation cools but Turkey's industry still feels the effect
Smallest rise in almost 4 years Food costs fell 0.3% PMI down to 46.7 Turkey’s inflation continued its downward trend in June, with lower food costs helping to draw down the rate of rising prices. Consumer prices rose by just 1.4 percent for the month, taking annualised inflation to 35 percent, its lowest rate since December 2021, according to data issued by the state statistics agency Turkstat on July 3. Food costs fell by 0.3 percent, Turksta…
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