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Published on Wednesday, January 3, 2018 | Updated on Wednesday, January 10, 2018

Turkey | Another pick-up in core inflation

Consumer prices increased by 0.69% (mom) in December 2017, higher than median market expectation and BBVA-GB forecast (both 0.5%). We expect the headline to ease towards slightly below 10% by the end of 1Q and stay close to these levels until 4Q before falling to around 9% at the end of the year.