According to a survey published by Reuters, Turkey’s June inflation is estimated at 4.84 percent.
The median forecast of 11 economists surveyed is for a 4.84 percent increase in inflation in June. The main reason for the inflation expectation, which ranged from 2.5 percent to 5.5 percent, is the newly appointed economic staff of President Erdogan, who was re-elected on May 28, allowing the dollar/TL to depreciate by nearly 24 percent. is showing.
Economists say that other factors contributing to the monthly increase will come from general price increases such as oil, precious metals, service sector, automobile and tobacco hikes.
On the other hand, economists expect a slight decline from 39.59 percent to 39.47 percent in annual inflation. However, estimates fluctuate between 36.30 percent and 40.30 percent.
On the other hand, economists, who expect the decrease in TL to continue, also said that the below-expected interest rates can be seen as a return to orthodox policies.
Economists’ year-end inflation expectation, on the other hand, stands at 51.50 percent, which is over 50 percent as a median.
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