Inflation data from Peru and Turkey show contrasting trends. Lima's CPI inflation in May eased to 2.0% year-on-year, hitting the target. Meanwhile, Turkey's annual inflation exceeded expectations, reaching 75.45%, higher than the forecasted 74.8% and previous 69.80%. Officials in Turkey hope this marks the worst of a long-standing cost-of-living crisis.
JUST IN: Turkey's annual inflation rate rose to 75.45% in May
Turkey inflation hits 75% in expected peak before relief https://t.co/At1lQvNPIP https://t.co/AWfT6lu0hC
Turkish inflation rises more than expected to 75.5% Yet demand remains strong: data on Friday showed Turkey’s $900bn economy grew 5.7% year on year in first quarter, with household consumption rising 7.3% Source: FT https://t.co/aoLWvtx441
💡 Turkey: CPI inflation accelerates to above-forecast 75.5 y/y in May - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/GOMrSipXxR
Turkey’s inflation accelerated more than forecast last month, in what officials hope marks the worst of a yearslong cost-of-living crisis https://t.co/hRevfRXOZi
Annual inflation in Turkey has exceeded expectations, reaching 75.45%, higher than the forecasted 74.8% and previous 69.80%. #Turkey #inflation
TURKISH CPI YOY ACTUAL 75.45% (FORECAST 74.8%, PREVIOUS 69.80%) $MACRO
💡 Peru: Lima CPI inflation eases to 2.0% y/y in May, hitting target - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/WhRfYTwDcD