Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Analysts predict fall in Turkey’s consumer prices in 2015

by AA

ISTANBUL Jan 05, 2015 - 12:00 am GMT+3
by AA Jan 05, 2015 12:00 am
Analysts expect further improvement for Turkey's consumer price inflation in 2015, after better-than-expected December figures were announced by officials on Monday.

"We believe the downwards trend in consumer prices will continue in 2015," Burgan Securities Chief Economist Haluk Bürümcekçi told The Anadolu Agency on Monday.

Better-than-expected inflation figures are largely attributable to the decline in transport costs due to the sharp drop in oil prices, and the similar decrease in clothing and footwear, Bürümcekçi explained.

The central bank is expected to maintain its current tight monetary policy in the near future, despite the downward move for inflation and positive signs supporting economic recovery, Bürümcekçi noted.

Chief Economist of Odeabank İnanç Sözer pointed out that the 0.44 percent drop in consumer prices in December is the largest monthly decrease seen in the last two and a half years. Inflation may drop to 5 percent by the middle of 2015, Sözer predicted.

"Despite the recent tax hikes, we forecast that annual inflation will fall below 7 percent in January, and that inflation will improve significantly after the drop in oil and food prices starts to take effect," Sözer said.

Sözer added that, in the second half of the year, inflation may even decline to below 5 percent, and predicted that 2015 year-end inflation would be near that level.

The Turkish Statistical Institute announced that the monthly inflation rate in Turkey unexpectedly declined in December, hitting a ten-month low of 8.17 percent calculated as a moving average of the past 12 months.

The last figure is significantly lower than the Central Bank of Turkey's year-end inflation forecast of 8.9 percent, which was released in a report on October 31.
  • shortlink copied
  • Last Update: Jan 05, 2015 3:48 pm
    RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    homepage
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Turkey’s longest river…
    Top 10+ of Turkey's superlatives
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021