The rise in Turkish inflation in May, to 8.1% y/y, was driven by a pick-up in core price pressures and provides further evidence that the economy’s inflation problems are escalating. Elsewhere, Hungary’s retail sales figures for April suggest that, while March’s ban on Sunday trading hasn’t had much impact on aggregate consumer spending, it does seem to have led to a shift in the pattern of spending.
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