Tag Archives: consumer inflation

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation declined to 5.2% in November from 5.9% in October, marking the biggest one-month decline on record.Further details of the publication showed that the three-year ahead expected inflation edged …

Data on Monday showed that Turkey’s unemployment rate rose to 10.2 percent in October, posing a potential challenge to President Recep Tayyip Erdogan’s hopes of re-election next year, even as inflation trended lower and the currency remained broadly stable. Economic growth is also expected to remain subdued ahead of presidential …

Official data showed Monday, December 5, that Turkey’s annual inflation slowed to 84.39% in November, just short of expectations, ending a 17-month period of increases since last year when the central bank began cutting interest rates. The Turkish Statistical Institute said that consumer prices rose 2.88% monthly, compared to expectations …

Official data showed on Wednesday that the Turkish economy expanded by 3.9 percent in the third quarter on an annual basis, a rate slightly lower than expected and slower than it achieved earlier in the year, as domestic and external demand were affected by high inflation and the global slowdown. …

Turkey’s central bank on Thursday cut its key interest rate by 150 basis points to 9 percent as expected. It announced it had decided to end the easing cycle, which began in response to a call by President Recep Tayyip Erdogan to cut rates below 10 percent by the end …

Official data showed on Tuesday that Turkey’s consumer confidence index rose 0.6 percent to 76.6 points in November, continuing its recovery from a record low of 63.4 in June, despite continued high inflation. The biggest improvement was in confidence in the expectations of the general economic situation during the next …

On Thursday, a statement by the Russian Foreign Ministry confirmed that the agreement to export grain through the Black Sea will be extended for 120 days, starting from November 18, without any amendments to the current agreement. The statement added that Moscow assumes that Russian concerns related to easier conditions …

The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation rose to 5.9% in October from 5.4% in September.The US Dollar Index showed no immediate reaction to this publication and it was last seen gaining 0.45% on the …

The British government said it has frozen £18 billion of assets belonging to the Russian oligarchs and individuals and entities sanctioned against Moscow over the war in Ukraine. The frozen Russian assets were 6 billion more than the value declared by all other British sanctions regimes. “We have imposed the …

According to Reuters, Turkish Energy Minister Fatih Donmez said on Tuesday that Turkey has started paying in Russian rubles for some of its natural gas purchases from Russiam. In an interview with the TRT news channel of the Turkish Radio and Television Corporation, Donmez said the share of payments in …