Turkish Inflation Rises to The Highest Level Since March 2019 in September

Data showed Monday, October 4, that Turkey’s inflation rose slightly less than expected to 19.58% y/y in September from 19.25% in August, the highest level since March 2019, taking real yields further into losses after the central bank cut interest rates. to 18%.

On a monthly basis, the Turkish Statistical Institute said consumer prices rose 1.25% compared to expectations in a Reuters poll of 1.35% and 19.7% annually.

The data showed that the producer price index rose 1.55% on a monthly basis in September, recording an annual increase of 43.96%.

The central bank cut the interest rate by 100 basis points in September.