Turkey’s inflation slowed for a second month thanks to a moderation in food costs as weak domestic demand continues to weigh on prices. Consumer prices rose 18.7% in May from a year earlier, compared with an increase of 19.5% in April, Turkstat said on Monday. The median estimate in a Bloomberg survey of 18 economists was 19.3%. Prices grew 1% in the month. Key Insights - Food inflation slipped to 28.4% from 31.9% the previous month, which was the highest level since at least 2004. It remains well above the central bank’s year-end forecast of 16%. - Seasonal factors and a deceleration in th...
Turkish Inflation Slows Again as Food Prices Bring Relief - Bloomberg
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