Turkish households see inflation at 71.6 per cent in 12 months

Turkish households’ expectations for annual inflation 12 months ahead stood at 71.6 per cent in September, the central bank said on Wednesday, down 1.5 points from a month earlier.

Market participants’ expectations for annual inflation 12 months ahead fell by 1.2 points to 27.5 per cent in September, the data showed, leaving a wide gap with households.

The real sector’s inflation expectations for the same period dropped 2.7 points to 51.1 per cent in September, it also showed.

The central bank has said that one factor determining when it will begin easing policy is the extent to which households’ and the real sector’s expectations converge with its and the market’s view.