Turkish disinflation delayed by global conditions
Rising global uncertainty and rampant food and energy price growth may lead to some delay in reaching the inflation target, the March Monetary Policy Committee Meeting minutes of the Central Bank of Turkey state.
Consumer prices rose by 1.29% in February, bringing annual inflation to 9.1% - way above the central bank's 4% target. Fresh vegetable prices rose unusually fast due to bad weather conditions. Energy prices increased by 0.3%, the annual inflation rate rising to 16.35%. However, a steady
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