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BGC Partners - TURKEY - May inflation reading was again better than expected.
May inflation reading was again better than expected... Monthly consumer price inflation came in at +0.95% in May, lower than the +1.3% market consensus. As such, annual inflation dropped from 19.5% in April to 18.7% in May. We observe that apart transportation May inflation has surprised mildly positively on most of the other sub-segments, leading a further drop in annual core CPI to 15.9% in May, from 16.3% in April. On the other hand, TL depreciation continued to put a pressure on PPI inflation which rose by 2.7% m/m, but annual PPI dropped to 28.7% due to base effect.
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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