Yayınlanma: 1 Şubat 2022 04:18
Güncellenme: 22 Aralık 2024 14:26
Market actors predicted that the acceleration in inflation would continue in January.
In the survey conducted by Bloomberg HT Research Unit with the participation of 25 institutions, the median expectation was that consumer prices would increase by 9.4 percent monthly and by 45.5 percent annually in January.
In the survey, the lowest expectation for January inflation was recorded at 5.8 percent, and the highest expectation was 13.72 percent.
In the survey, "Which month and at what level is the peak seen during the year?" The median expectation of the 20 institutions that answered the question was 55 percent. In response to this question, the lowest peak estimate was 45 percent, and the highest peak estimate was 62.2 percent. In the distribution of the expectations of the participants about when the peak would be seen, the majority pointed to May.
The year-end inflation forecast was recorded as 32.85 percent with the participation of 21 institutions. The lowest estimate for this data was 22 percent, and the highest estimate was 37 percent.
In an interview with Bloomberg, Treasury and Finance Minister Nureddin Nebati stated that the peak in inflation would take place in January.
Nebati said that inflation reached its peak in January. However, there will be a decrease as of May due to the developments in the world and the decline in food and energy prices, and a significant decrease will come at the end of the year with the inflation in November and December coming out of the base. Nebati said, "I will go to the elections with single-digit inflation in June 2023."
While energy-related price hikes in January put pressure on the inflation outlook, Türk-İş food inflation, which is considered one of the leading indicators of inflation, also pointed out that the upward trend continued.
It was stated that the increase in the minimum amount to spend on food required for a family of four living in Ankara was 3.71 percent compared to the previous month, and an increase of 59.67 percent compared to the last 12 months.
This rate was recorded as the highest annual food inflation in research history.
In the statement of the confederation, he stated that the positive effect of the appreciation of the Turkish lira on food prices, which saw an increase of nearly 25 percent last month after the last big peak in exchange rates, was not seen in markets and markets.