All eyes are on Wednesday… What will inflation be like in March according to the market? – Last Minute Economy News

March inflation data will be announced at 10:00 on Wednesday, April 3, 2024. Market participants’ expectations are that annual inflation will continue to rise in March.

In the inflation survey conducted by Bloomberg HT, annual inflation expectation for March was 69 percent. The expectation for monthly inflation was recorded as 3.5 percent.

While annual inflation was 67.07 percent in February, monthly inflation was recorded as 4.53 percent.

In the survey, the lowest monthly expectation for March inflation is 2.7 percent; The highest expectation was 4.4 percent. On the annual inflation side, the highest estimate is 70.5 percent; The lowest was determined at 67.7 percent.

During this survey period, inflation expectation for the end of 2024 was 44 percent. In the previous survey period, the inflation forecast for the end of the year was 42.6 percent.

In addition, the peak inflation forecast for 2024 increased compared to the previous survey period and reached 75 percent; The peak estimate in the previous survey period was determined as 73.2 percent.

REUTERS SURVEY

The Consumer Price Index (CPI) is expected to increase by 3.5 percent monthly with the contribution of the increase in food and services prices in March, and the annual CPI is expected to increase to 69.1 percent. According to a survey conducted by Reuters with the participation of 11 economists, inflation is expected to be 43.75 percent at the end of 2024, well above the Central Bank’s (CBRT) 36 percent forecast.

In the Reuters survey, annual inflation forecasts in March were between 68.20 percent and 70.54 percent, while monthly forecasts ranged from 3 percent to 4.42 percent. The year-end forecast range in the survey is between 40.1 percent and 48 percent.