Searcher

producer prices

producer prices latest publications

April 4, 2022

Turkey | CPI reached above 61% in March

Consumer prices increased by 5.5% in March, parallel to expectations and resulted in an annual inflation of 61.1% up from 54.4% the month before. Looking ahead, we expect consumer inflation to hover near 70% in 2Q and 3Q and decline to 50% at the end of the year, led by the favorable base effects.

March 3, 2022

Turkey | CPI above 54% and still climbing

Consumer prices increased by 4.8% in February and resulted in an annual inflation of 54.4%, (prev: 48.7%). Given the deepening cost push factors, uncertainty on commodity prices and inertia, CPI would surpass 60% in 2Q and 3Q, before falling down to a level at least above 40% on positive base effects in December.

February 3, 2022

Turkey | Annual CPI climbed up to 48.7% in January

Consumer prices increased by 11.1% in January parallel to expectations and resulted in an annual inflation of 48.7% up from 36.1% the month before. We expect consumer inflation to remain around 55% in 2Q and 3Q before falling down to 35% at the end of the year, helped by the favorable base impact in December.

January 3, 2022

Turkey | CPI surprised on the upside with 36.1%

Consumer prices increased by 13.58% in December significantly above expectations resulting in an annual inflation of 36.1% up from 21.3% the month before. We expect consumer inflation to hover above 40% throughout the year before declining to near 30% at the end of the year, helped by the favorable base impact in December.

December 3, 2021

Turkey | November CPI realized as 21.3%

Consumer prices increased by 3.51% in in November, resulting in an annual inflation of 21.31% up from 19.89% the month before. We expect consumer inflation to surprise on the upside in the coming months with levels likely getting close to 30% towards the end of 1Q22.

November 3, 2021

Turkey | Core inflation came down to 16.8%

Consumer prices increased by 2.39% in October surprisingly lower than expectations, resulting in an annual inflation of 19.89% up from 19.58% the month before. We expect consumer inflation to be 19.5% at the end of the year, with risks clearly on the upside.

October 4, 2021

Turkey | Core inflation surprisingly rose up to 17%

Consumer prices increased by 1.25% in September resulting in an annual inflation of 19.58%, up from 19.25%. We expect consumer inflation to increase further in October before declining to near 17% at the end of the year, with the positive base effects, where risks are clearly on the upside.

September 3, 2021

Turkey | Consumer inflation rose up to 19.25%

Consumer prices increased by 1.12% monthly and 19.25% annually once again above expectations on the back of a higher than expected food inflation. We expect consumer inflation to stay close to 19% till November and end the year at close to 17%, with the help of positive base effects.