Turkey | Slightly higher than expected inflation

Summary

Consumer prices increased by 0.73% (mom) in February, higher than both our and market expectation (0.6% and 0.5%, respectively). Along with base effects, the overall impact helped annual CPI to fall to only 10.26% from 10.35%. The headline may exercise between 9.5-10% till June and worsen further during summer before falling to around 9% on base effects at the end of 2018.

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