Turkey’s annual inflation to rise in January: Survey

By Erhan Cihan Unal

ISTANBUL (AA) - The average annual rise in consumer prices in Turkey is expected to be 20.59 percent in January, according to an Anadolu Agency survey on Thursday.

Turkey's annual inflation in December was 20.30 percent.

The inflation figures for January will be released by the country's statistical authority TurkStat next Monday.

Monthly inflation forecasts by a group of 16 economists vary between 0.80 percent and 1.85 percent, with average monthly inflation of 1.26 percent.

In December, consumer prices in Turkey dropped 0.40 percent month-on-month.

The economists also forecast that Turkey's year-end annual inflation would be 16.38 percent on average, with predictions varying between 13.50 and 19.80 percent.

Over the past five years, annual inflation saw its lowest level at 6.13 percent in April 2013, while it peaked at 25.24 percent in October 2018.

* With writing and contributions by Muhammed Ali Gurtas from Ankara