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Economists expect rise in Turkey's February inflation

Economists expect rise in Turkey's February inflation
Anadolu Agency survey shows annual inflation rate in February will increase to 15.45%

By Murat Aslan

ISTANBUL (AA) - Turkey's annual inflation rate is projected to rise to 15.45% in February, an Anadolu Agency survey found on Friday.

Turkey's annual inflation rate in January was 14.97%, up 0.37 percentage points from the previous month.

The Turkish Statistical Institute will announce February's consumer prices index on March 3 Wednesday.

A group of 19 economists predicts that monthly inflation will average at 0.77%, varying between 0.45% and 1.8%.

The Turkish Central Bank expects the year-end inflation rate to hit 9.4% this year, while under Turkey's new economic program for 2021-2023, the country's inflation rate target for 2020 is 8%.

source: News Feed
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