The surprisingly sharp rise in Turkish inflation in December, to 8.5% y/y, was due mainly to a jump in food and energy inflation, although the weakness of the lira is also feeding through into higher core inflation. The headline rate is likely to peak in the next few months, but it will remain stronger than most expect over 2017.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services