JPMorgan sees Turkey inflation at 29% by year-end - Investing.com Canada
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JPMorgan sees Turkey inflation at 29% by year-end Investing.com Canada
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Turkish annual inflation eases in July, but underlying pressures pick up
The Turkish inflation narrative remains nuanced, with July data indicating some easing in annual inflation yet revealing stronger underlying pressures. Per the full note [source], the annual inflation rate moderated to 31.8%, though core inflation climbed to 29.9% as monthly inflation printed at 1.8% versus a consensus of 1.96%. This duality suggests macroeconomic challenges persist despite headline indicators showing signs of relief, a scenario that could influence monetary policy and market expectations in the coming months.
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