Turkish Statistical Institute to announce monthly inflation for October 2018
TURKSTAT is due to announce monthly inflation for October 2018, tomorrow (Nov 5th). Experts forecast concerned CPI (Consumer Price Index) inflation on monthly basis could be somewhere around 1.93 percent and add annual inflation is expected to decline to 23.5 percent.
The year-end inflation expectation range was 22 percent – 25.50 percent, while the expectation average was 23.52 percent.
Due to the turmoil and difficulties the Turkish economy has had to go through the administration had to take into account much different economic indicators to include inflation in the first place.
However and thankfully the government has displayed a very solid and determined attitude in coping with said issues which in the end has helped to get the economy in the right track – as it looks currently.
