Inflation expectations in Turkey rises again
Güncelleme Tarihi:
Turkish Central Bank's latest survey of expectations for the year-end inflation revealed that prices are expected to increase 9.55 percent.
According to results of the survey, released late Thursday, a 1.11 point rise is expected since the previous survey released in the second half of April.
The previous survey had showed that consumer prices were expected to rise 8.44 percent.
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Turkish Board of Statistics (TUIK) announced last week that consumer price index (CPI) rose 1.68 percent, and producer price index (PPI) climbed 4.5 percent in April. Annual inflation as of April was 9.66 percent in CPI, and 14.56 percent in PPI, according to TUIK's figures.
The bank's survey also showed that year-end current account deficit is expected to increase to 44.93 billion USD. It was 43.93 billion USD in the previous survey.
The survey also revealed that the U.S. dollar is expected to reach 1.3534 YTL at the end of this year.