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10 Jun 2019, Gergana Bencheva, EMIS Editor

Turkey’s inflation to fall to single-digit level in Sept-Oct 2019

Turkey’s inflation rates will reach single-digits in September and October 2019, CEEMarketWatch reported citing the country’s finance Minister Berat Albayrak.

According to official data, CPI inflation in Turkey dropped to 18.7% year-on-year for May from 19.5% a month before that and it is expected to continue its decline in the next couple of months.

The Central Bank of Turkey (CBT) expects the country’s inflation to reach 14.6% at the end of this year while markets projected end-year inflation at 16.7%, CEEMarketWatch added.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch

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