Inflation unexpectedly plummets in Turkey


The Central Bank of the Republic of Turkey (CBRT) is willing to increase rates to ensure inflation continues to fall, according to a report released on January 31, after it plummeted unexpectedly by almost a third.

Year-on-year inflation fell to 6.2% in December, well below the central bank's forecast range of 7–8% and a 300-basis point drop from 9.2% in September.

Sevin Ekinci, head of Ekinci Economic Consulting, said the inflation drop was "very much" a surprise, as the European crisis and oil

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