Inflation in Turkey is expected to have fallen further in February, though prices will continue rise on On a monthly basis, paid for higher the prices of Food and services.
annual consumer price CPI has fallen sharply in December, down to 57.7%. in January, down from the peak of 85.5% – 24-year High – registered last October.
data on expected friday to show Inflation fell to 55.5% in February, average estimate of 14 economically in Unveiled in a Reuters poll on Monday. Projections ranged between 54% and 56.8%.
poll of 17 institutions from before private Bloomberg HT station sees annual inflation at 55.3%, with Estimates range from 54.21% to 57.5%.
On a monthly basis, the average estimate in The Reuters poll was 3.4%, in a range of 2.3% to 4.2%, mainly due to higher food prices and price walking long distances in Economists said that education, communication and the health sector.
Southeast Turkey region He was hit Because of the massive earthquakes earlier this month, killing more from 44,000 people and leaves millions homeless. Trade groups and economists said an earthquake could happen cost Turkey up To $100 billion and haircuts one to two percent points off growth this year.
Government officials and economists have also He said the prices of Goods and services, including food and housing, will fall in The coming months are much shorter than previously expected due to the turmoil caused from earthquakes.
the government He prioritized low interest rates to boost exports, production, investment and innovation new functions as part of a new economic program. He called the Turkish economy model a name program It aims to reduce inflation by chronic flipping of the country current account deficit into surplus.
Last week, Central Turkey bank lowered her policy rate by 50 basis points 8.5% to support growth After the earthquake, she said she would monitor the economic impact of disaster.
Average rating for inflation in year- Finish rate reached 45% in Reuters poll, with upcoming forecasts in between 34% and 51.7%. average in Survey conducted before earthquakes in January hit 41% for the end of 2023.
Before the earthquakes, it was expected that inflation would continue to fall to around 35-40% by June. However, it is now seen to be around 44%. in And May is heading into the presidential and parliamentary elections, which are scheduled for June 18, according to median forecasts of six economists who He gave ratings to a Reuters poll.
