When we look at the Turkish economy which is one of the leading developing markets of the world under today's economic conditions, the high inflation issue has started to be a permanent problem. According to the data released today by the Turkish Statistical Institute, consumer inflation in April increased by 1.31 % compared to the previous month and reached 11.87% level. On the other hand, it is understood that the rise in the core inflation rate against the rise in headline inflation in April, Core inflation, which was 9.46 % in March, was 9.42 in April.
In the last months, according to the Central Bank of Turkey, the general expectation was higher inflation in the first half of 2017 because of geopolitical and domestic political issues. The expectation has been correct and inflation reached higher levels in April. It is now important to expect that policy makers will expect to see inflation fall from the second half of the year .A pleasing news for Turkey is that there is a visible improvement in European economic data. The European Region grew by 0.5 % in the first quarter of the year. Finally, we can say, the positive atmosphere in Turkish economy is expected in the second half of 2017.
- Date: 06 May 2017 Sat 06:50
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