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Thursday, January 3, 2019

Turkey | Inflation declines again in December

Consumer prices fell by -0.4% in December, leading the annual figure to further ease to 20.3% from 21.6% in November. Considering the recent price regulations, risks are balanced on our year-end inflation expectation of 16%. Though, the path for output gap, oil prices and currency volatility will be the determinant factors on inflation.

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