Has the January inflation rate been announced? TURKSTAT 2023 January inflation rate has been determined?
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Inflation data Turkish Statistical Institute (TUIK) It is announced by the first week of every month. While inflation increased by 1.18 percent in December, it was 64.27 percent on an annual basis. According to the ITO, consumer prices in Istanbul increased by 79.68 percent in January.
WHAT IS THE JANUARY INFLATION EXPECTATION?
With the price hikes applied to many products from public transport to bread at the beginning of the year, monthly inflation is expected to continue to be high with 3.8 percent in January, while annual CPI is expected to decline sharply to 53.50 percent due to the base effect.
According to the survey conducted by Reuters with the participation of 13 economists, annual inflation is expected to decline to 41 percent by the end of 2023, which is almost twice the Central Bank’s (CBRT) forecasts. In the Reuters poll, annual inflation forecasts are between 51.2 percent and 56.65 percent in January, while monthly forecasts are between 2.30 percent and 5.95 percent. Year-end forecasts range between 30 percent and 48 percent.
TURKSTAT JANUARY 2023 INFLATION RATE HAS BEEN DEFINED?
January inflation data will be announced by TURKSTAT on Friday, February 3rd. January inflation data is expected to be announced at 10:00.
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