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Turkey: Disinflation risks rise with energy shock – ING

ING’s Chief Economist for Turkey, Muhammet Mercan, notes that April inflation rose more than expected, with annual Consumer Price Index (CPI) reaching 32.4%, well above the Central Bank of Turkey’s 16% target.

INFLATION
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ING’s Chief Economist for Turkey, Muhammet Mercan, notes that April inflation rose more than expected, with annual Consumer Price Index (CPI) reaching 32.4%, well above the Central Bank of Turkey’s 16% target.