Consumer Price Index (MoM)

Actual
6.7%
Previous
2.93%
Forecast
6.49%

The Consumer Price Index released by TurkStat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of the Lira is dragged down by inflation. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as positive (or bullish) for the Lira, while a low reading is seen as negative (or bearish).

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