Inflation data will be announced today

October inflation figures, which will constitute the fourth inflation data of the second half of the year, will be announced today by the Turkish Statistical Institute (TUIK).

Consumer Price Index (CPI) in September was 1.84 percent increase compared to the previous month, 24.32 percent increase compared to December of the previous year, 29.73 percent increase compared to the same month of the previous year and 1.49 percent increase compared to the twelve-month averages.

AA Finance's expectation survey regarding the October inflation data to be announced by the Turkish Statistical Institute was concluded with the participation of 21 economists.

The average monthly inflation expectations of economists participating in the survey in October was 2.20 percent. Economists' inflation expectations for October were between 1.25 percent and 2.70 percent.

According to the average inflation expectations of economists for October (2.20 percent), annual inflation, which was 29.73 percent in September, is expected to decrease to 29.28 percent in October.

On the other hand, the average of economists' year-end inflation expectations was 29.64 percent. Consumer Price Index increased by 1.84 percent in September.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)