FCHAIN Türkiye office informs:
Inflation Trends: Inflation in Türkiye remains persistent, and the likelihood of a rate cut this year is decreasing.
Consumer Prices: In September, consumer prices increased by 2.97%, exceeding market expectations. However, annual inflation decreased to 49.4% from 52.0%, attributed to the base effect.
Monthly CPI Inflation: Seasonally adjusted monthly CPI inflation was high at 3.0%, despite the diminishing direct effects of administered price adjustments, which contributed approximately 1 percentage point.
Core Inflation: Monthly Core-B and Core-C inflation rates rose to 3.2%. The median and trimmed monthly inflation rates (seasonally adjusted) increased to 2.1% and 2.3%, respectively.
