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BGC Partners: TURKEY - July inflation reading was again slightly better than expected...
Monthly consumer price inflation came in at +1.4% in July, slightly lower than the +1.6% market consensus. As a result, annual CPI inflation picked up to 16.6% from 15.7% as of July. We observe that food inflation surprised positively at -1.1% m/m, while the impact of the tax rollbacks were felt strongly, which we should note also impacts the core CPI and indeed more than it does the headline, leading to a 2.1% m/m rise in the core CPI
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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