Turkish inflation to exceed target this year

- Central Banking staff
- 21 Apr 2008

Turkish inflation is likely to be above the central bank's 4% target in 2008 unless there is a drastic slowdown in agflation.

The Central Bank of Turkey said in its latest Inflation Report that the lagged impact of last year's drought and elevated prices of agricultural commodities in global markets were likely to keep processed food inflation at relatively high levels throughout 2008.

Upside revisions on the assumptions for food and energy inflation implied that it may take longer to bring headline inflation to 4 per cent than envisaged in the central bank's previous Inflation Report.

Click here to read the latest report

Click here to read the previous report

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