Turkish inflation probably accelerated to the fastest since January, underscoring the central bank’s challenge as it raises interest rates to try to end a cost-of-living crisis.
With food and energy costs on the rise, the pace of annual price gains probably soared to near 56% last month from almost 48% in July, according to the median forecast in a Bloomberg poll of economists. Turkey’s statistics office is due to release the data on Monday.
The month-on-month figure was likely 6.5%, according to a separate survey. In Istanbul, the biggest city and commercial capital of Turkey, annual inflation quickened to over 74% in August, data on Friday showed.
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