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BGC Partners: TURKEY - February inflation reading was lower than expectations...
Monthly consumer price inflation came in at +0.35% in February, lower than the +0.7% market consensus. As a result, annual CPI inflation increased from 12.2% in January to 12.4% as of February. We observe that food inflation was relatively high at +2.3% m/m, while price pressures in most of the other segments were low. Indeed, core CPI was down by 0.2% m/m while annual core CPI increased to 10.0%. On the other hand, the other core indicator, i.e. the PPI, rose by a slightly higher 0.5% m/m, pushing the annual PPI to 9.3% as of February.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Cagdas Dogan
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