Macro Analysis /
Turkey

Turkey: We are revising our year-end 2021 CPI estimate to 24.9% from 19.7%

  • CPI increased by 3.51% m/m to 21.31% y/y in Nov’21 (Bloomberg consensus: +3.0%)

  • PPI increased by 54.62% y/y in Nov’21

  • With the Inflation Report published in Oct’21, CBT increased its 2021 inflation target to 18.4% from 14.1%

Zeynep Erman
Zeynep Erman

Equity Research Analyst

ATA Invest
3 December 2021
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