(Bloomberg) -- Turkey's inflation rate in May fell the
most in more than three years, confirming central bank predictions
of a decline that may allow it to cut the benchmark interest rate
late this year.
The annual consumer inflation rate in May tumbled to 9.2
percent from 10.7 percent in April, the statistics office in
Ankara said on its Web site today. Prices were expected to rise
9.7 percent, according to the median estimate of 11 economists
surveyed by Bloomberg. In the month, prices rose 0.5 percent.
Read more at Bloomberg Emerging Markets News
most in more than three years, confirming central bank predictions
of a decline that may allow it to cut the benchmark interest rate
late this year.
The annual consumer inflation rate in May tumbled to 9.2
percent from 10.7 percent in April, the statistics office in
Ankara said on its Web site today. Prices were expected to rise
9.7 percent, according to the median estimate of 11 economists
surveyed by Bloomberg. In the month, prices rose 0.5 percent.
Read more at Bloomberg Emerging Markets News
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